The forecast for Canada's import of waste or scrap of stainless steel shows a declining trend from 2024 to 2028, dropping from 15.973 million USD in 2024 to 11.985 million USD in 2028. Compared to 2023, where the actual figures stood at approximately 16.987 million USD, this represents a steady decrease. This trend reflects a year-on-year decline, indicating potential changes in demand or adjustments in industry practices. Over this five-year period, the compound annual growth rate (CAGR) evidences a gradual reduction, signifying consistent downward pressure on import values.
Future trends to watch include: shifts in global steel recycling practices, changes in domestic processing capabilities, and potential impacts from international trade policies or sustainability initiatives. These factors could influence the import volume and value, altering the trajectory currently forecasted.
