The forecasted Aluminium apparent supply in the US stands at 7.15 million metric tons in 2024. This is a clear decline from 2023, where the supply was at 7.28 million metric tons. Each successive year from 2024 to 2028 shows a further decrease in supply, ending at 6.68 million metric tons in 2028. The year-on-year percentage variation reflects a consistent decline: -1.68% in 2025, -1.56% in 2026, -1.74% in 2027, and -1.76% in 2028. Over the last two years, the aluminium supply declined by -3.00%. The Compound Annual Growth Rate (CAGR) indicates an average decline of -1.77% per year over the last five years.
Future trends to watch for include possible shifts in global economic conditions affecting demand and supply dynamics, technological advancements in aluminium production and recycling, changes in trade policies, and sustainability practices influencing supply chains.
- Decline from 7.28 million metric tons in 2023
- Consistent year-on-year decrease in aluminium supply
- -1.77% CAGR over the last five years