Based on the provided data, the import value of Nickel Waste or Scrap to Australia is projected to decline steadily from 2024 to 2028. In 2023, the import value stood at 253.47 thousand US Dollars. The forecasted values from 2024 to 2028 indicate a year-on-year percentage decrease as follows: 6.82% in 2025, 7.35% in 2026, 7.76% in 2027, and 8.28% in 2028. Over this period, the compound annual growth rate (CAGR) suggests an average annual decline of approximately 7.55%.
Future trends to watch for include potential shifts in global nickel market dynamics, changes in Australia's recycling policies and capabilities, and fluctuations in supply chains that could affect the availability and demand for imported nickel waste or scrap. Additionally, environmental regulations and technological advancements in recycling processes may play a significant role in shaping the import landscape.
