The data on US aluminium exports from 2013 to 2023 indicates a fluctuating trend, with a notable decline in the early years followed by periods of slight recovery and stability. As of 2023, aluminium exports stood at 2.88 million metric tons. In particular, the years 2022 and 2023 saw modest year-on-year growths of 0.6% and 0.52%, respectively. The CAGR for the 5-year period leading to 2023 is -1.36%, reflecting an overall slight downturn in exports. Forecasts for 2024 to 2028 project gradual growth, with a 5-year forecasted CAGR of 0.31% and a forecasted growth rate of 1.56% for 2028.
Future trends to watch for include:
- The impact of global economic conditions on aluminium demand.
- Technological advancements in aluminium production and recycling.
- Changes in trade policies and tariffs.
- Environmental regulations affecting aluminium production and export dynamics.
