2011 (Per capita consumption m2) Population growth per year (%) GDP growth per year (%) GDP growth rate per year (per capita) % Income elasticity Per 1000 capita increase in consumption Estimator 2012 (per1000 capita)m2 2016 (per1000 capita) m2 2021 (per1000 capita) m2 2026 (per 1000 capita) m2
46.17 4.30 6.00 1.70 2.50 4.25 1.043 48.2 57.0 70.3 86.8
Total consumption forecast (m2)
                147 513 202 635 272 553 364 386
Source: Field Data (2012)
Table 15: The Forecasted consumption of aluminum using Income Elasticity of Demand (IED).