Based on the given forecast data, the year-on-year variations for the import of unwrought aluminium to Australia are as follows:
- 2024: $150.96 million (base year)
- 2025: $156.52 million (3.69% increase)
- 2026: $161.96 million (3.47% increase)
- 2027: $167.29 million (3.29% increase)
- 2028: $172.51 million (3.12% increase)
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 3.39%, reflecting a steady upward trend in the import of unwrought aluminium.
As global industries increasingly prioritize sustainability, recycling, and resource efficiency, demand patterns for unwrought aluminium may shift. Monitoring changes in trade policies, technological advances in aluminium processing, and fluctuations in global commodity prices will be critical for accurate future forecasts.
