In 2023, Canada’s imports of nickel waste or scrap stood at 107.14 million USD. Analyzing the past years, we observe variations, with significant changes including a major dip in 2019 followed by gradual recoveries. Year-on-year, 2022 and 2023 showed minor increases of 0.11% and 2.03%, respectively. The compound annual growth rate (CAGR) over the last five years stands at -4.97%, indicating a general decreasing trend, though more recent data suggest stabilization.
From 2024 onwards, forecasted data predicts a growth trajectory, culminating in 117.38 million USD by 2028, reflecting a forecasted CAGR of 1.44%. This indicates a modest recovery trend and steady growth.
Future trends to watch for include potential market disruptions, shifts in global nickel supply, and changes in recycling rates and industrial demand that could impact nickel scrap imports to Canada.
