The import value of aluminium sulphate to the US is forecasted to grow steadily from $28.759 million in 2024 to $34.037 million in 2028. Compared to 2023, where imports were valued at approximately $27 million, the expected year-on-year increase in 2024 is 6.5%. The compound average growth rate (CAGR) over the five-year forecast period is approximately 4.6%, indicating a consistent upward trend.
Future trends to watch for include:
- Potential changes in international trade policies that could affect import tariffs or quotas.
- Improvements in domestic production capabilities or substitutes affecting demand for imports.
- Environmental regulations influencing the use of aluminium sulphate, particularly in industries such as water treatment.
- Economic conditions that might impact overall industrial demand.