As of 2023, the UK imported a significant volume of iron and steel waste from EU28 nations, providing a baseline for future forecasts. From 2024 to 2028, the forecasted intra-EU28 imports show a gradual increase from 80.61 to 81.94 million euros, marking a steady growth trend in the market. Year-on-year growth percentages reflect slight yet consistent annual increases, illustrating a resilient demand for these imports.
Future trends to watch for include:
- Potential impacts of geopolitical factors post-Brexit on intra-EU trade relations.
- Technological advancements and regulatory changes impacting recycling and waste management practices in Europe.
- Environmental policies that could influence the demand and sourcing of recycled materials.