In 2023, Japan's import of magnesium waste or scrap was notably growing. The forecasted data from 2024 to 2028 predicts a steady annual increase, with volumes rising from 586.8 to 621.79 thousand kilograms. This represents a consistent year-on-year growth rate of nearly 1.5% per year. The 5-year compound annual growth rate (CAGR) is expected to align closely with this percentage, indicating a stable upward trend.
Future trends to watch for:
- Economic factors impacting recycling and metal recovery industries in Japan.
- Technological advancements in the recycling processes of magnesium scrap.
- Global trade policies and environmental regulations affecting scrap imports.
