In 2023, the Extra-EU28 imports of precious metals waste to the UK stood at an actual value, after which forecasts suggest a steady year-on-year increase. From 2024 to 2028, the forecast anticipates growth from 1.5991 billion euros to 1.7779 billion euros. This reflects a consistent upward trend, with the average compound annual growth rate (CAGR) over the five-year forecast period indicating stable demand growth.
Future trends to watch for include:
- The impact of international trade policies and regulatory changes on import levels.
- Technological advancements in recycling and recovery processes that may affect import volumes.
- Fluctuations in global precious metals prices influencing the demand and cost-competitiveness of importing waste.
- Environmental sustainability trends driving policy and industry shifts in precious metals waste management.