The import volume of steel tin mill products, tinplate in the US has shown a steady increase over the last decade. In 2023, the import volume stood at 762 thousand metric tons. The year-on-year growth rate has been relatively stable, with a decrease noted in 2015 and consistent, albeit modest, increases thereafter. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was approximately 2.67%. The forecasted data suggests that this upward trend will continue, with a slight reduction in growth rate, exhibiting a 1.66% CAGR over the next five years to reach 847 thousand metric tons by 2028.
Future trends to watch for:
• Potential impacts of global supply chain disruptions on import volumes.
• Fluctuations in steel prices influencing domestic production vs. imports.
• Changes in regulatory policies and trade agreements affecting import tariffs and quotas.
• Technological advancements in packaging and material sciences influencing demand for tinplate.
