In 2023, the US imported unwrought aluminium alloys totaling 2.45 billion kilograms. Starting from 2024, forecasts suggest a steady increase in imports, with figures reaching 2.7319 billion kilograms by 2028.
The compounded annual growth rate (CAGR) from 2024 to 2028 is projected at 2.15%, indicating consistent year-on-year increases. The import volume is expected to rise by approximately 2% each year during this period.
Future trends to watch for include:
- International trade policies impacting supply chains.
- Technological advancements in aluminium recycling affecting demand.
- Global economic conditions influencing import volumes and pricing.
- Environmental regulations driving a shift toward sustainable sourcing practices.