As of 2024, Canada is projected to witness a steady increase in the re-import of nickel waste or scrap, starting from 63.91 thousand kilograms in 2024 to 77.92 thousand kilograms by 2028. This translates to a year-on-year growth rate of approximately 5.63% from 2024 to 2028. Compared to 2023, there is a noticeable increase in volume, suggesting a positive trend. Analyzing the compound annual growth rate (CAGR) reveals that on average, there is an expected yearly growth rate of 5.63% over the five-year forecast period.
Future trends to watch for include potential impacts from global nickel production shifts, advancements in recycling technology, and changes in trade policies that could influence the demand and supply dynamics of nickel waste. Monitoring these factors will be crucial for anticipating future variations in re-import volumes.
