In 2023, the import value of aluminium waste or scrap to Viet Nam stood at 54.429 million US Dollars. From the forecasted data for 2024 to 2028, there is a visible upward trend with a year-on-year percentage increase as follows: 3.72% in 2024, 4.13% in 2025, 3.89% in 2026, 3.67% in 2027, and 3.46% in 2028. Overall, the compound annual growth rate (CAGR) for these five years is approximately 3.77%.
Future trends to watch for include:
- Potential regulatory changes affecting imports of aluminium waste or scrap.
- Fluctuations in global aluminium prices impacting Viet Nam's import costs.
- Technological advancements in the recycling industry which may alter demand for aluminium scrap imports.
- Trade relations and agreements between Viet Nam and major aluminium exporting countries.
