The import of waste or scrap of precious metal to Japan is on a steady upward trajectory from 2024 to 2028, with the value increasing consistently each year. Starting in 2024, the forecasted import value stands at $2.5391 billion, marking a trend of gradual increase over the years, with an annual average growth rate (CAGR) to be interpreted as steady.

The value for 2023, though not specified, is critical for determining specifically the year-on-year variation. Given the context, we can infer upward momentum in the precious scrap metal market, alongside global economic growth and sustainability drives, supporting these imports.

Trends to watch for include:

Growing industrial demand and technological advancements in recycling processes.
Sustainability initiatives influencing import dynamics.
Global precious metal price volatility impacting trade volumes and values.