Aluminum production in China exhibited substantial growth from 2013 to 2023, expanding from 26.5 to 40.95 million metric tons. The production saw notable fluctuations, with the highest year-on-year increase in 2015 at 10.95% and a slight dip in 2017. The average annual growth over the past five years (2018-2023) averaged at 2.72%.
The forecast from 2024 to 2028 predicts a more moderate growth rate, with a projected 5-year CAGR of 2.19%, leading to an expected production increase of 11.45% over this period.
Future trends to watch for:
- Technological advancements in production efficiency and environmental sustainability
- Global economic conditions affecting demand and supply chains
- Chinese government policies on production capacity and environmental regulations