In 2023, the import of copper and copper alloy waste or scrap to Canada was valued at approximately 362 million USD. The forecast indicates a consistent growth trend from 2024 to 2028, with an annual increase ranging from 2% to around 2.5%. By 2028, the value is expected to reach over 401 million USD, reflecting a steady Compound Annual Growth Rate (CAGR) over the five-year period.
Future trends to watch for include:
- Impact of global demand for recycled materials.
- Changes in regulatory policies related to waste management and recycling.
- Exchange rate fluctuations affecting import values.
- Technological advancements in recycling processes.