The export of aluminum products from the US and Canada shows a declining trend over the past decade. In 2023, the exports stood at 1.22 million metric tons, continuing a downward pattern observed since 2013. Year-on-year declines were noted between 2022 and 2023, and over the last five years, the compound annual growth rate (CAGR) has averaged at around -2.46%.
Forecasts suggest a continued decrease, with a projected CAGR of -0.9% from 2024 to 2028. The anticipated total decline for this period is approximately 4.41%, indicating a persisting trend of reduced aluminum product exports.
Future trends to watch for include impacts from global environmental policies, shifts in manufacturing practices, and new trade agreements that could influence export demands.
