In 2023, the net receipts of tin scrap in the US stood at 1.63 thousand metric tons. The forecasted values from 2024 to 2028 indicate a gradual decrease, with a year-on-year percentage decline of approximately 3.8% annually from 2024 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is negative, reflecting an average annual decrease of about 3.6%.
Future trends to watch for:
- Environmental regulations affecting scrap metal recycling.
- Technological advancements in recycling methods.
- Fluctuations in the global tin market which may influence recovery rates.
- Consumer demand for sustainable products driving recycling efforts.
