In 2023, the net receipts of purchased aluminum old scrap aluminum cans in the US stood at 466.16 thousand metric tons. The forecasted data show a gradual decline from 2024 to 2028, with values decreasing from 464.72 to 459.09 thousand metric tons. Year-on-year percentage variations indicate a slight downward trend, with a consistent decrease of around -0.3% to -0.4% annually. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is approximately -0.4%, demonstrating a steady decrease.
Future trends to watch for include:
- Changes in the recycling industry dynamics, potentially driven by policy shifts or technological advancements that could affect the availability and supply of aluminum scrap.
- Fluctuations in demand for aluminum cans, influenced by consumer behavior and environmental awareness.
- Global economic conditions impacting the market for recycled aluminum as raw materials prices and recovery rates fluctuate.
