The import of nickel waste or scrap to China is forecasted to rise steadily from 2024 to 2028. The forecasted values show a consistent year-on-year increase, indicating positive growth in demand. As of 2023, the import value was less than the projected 2024 figure, suggesting that 2023 figures were somewhat lower, likely a result of market conditions or reduced industrial activities. The Compound Annual Growth Rate (CAGR) over the five-year period is projected to be positive, underscoring a robust trend in importation practices for the foreseeable future.
Future trends to watch include potential shifts in China’s industrial policies, global nickel market fluctuations, and advancements in recycling technologies. These could significantly affect import volumes and pricing dynamics, presenting both opportunities and challenges to stakeholders in this sector.
