In 2023, data indicated that the re-import value of aluminium waste or scrap to Canada stood at a figure not disclosed in this dataset. Forecast data from 2024 to 2028 shows a consistent decline in the re-import value, starting at $196.98K in 2024 and decreasing to $124.44K in 2028. Year-on-year variation showcases a persistent negative trend with approximately -9% average annual decrease. The compound annual growth rate (CAGR) over this five-year forecasted period is also indicative of decline.
Future trends to watch for include:
- Shifts in global aluminium markets that could impact scrap supply chains.
- Changes in Canadian manufacturing needs influencing import requirements.
- Sustainability efforts and policy changes affecting scrap aluminium utilization.