In 2023, the import of waste, scale, dross, slag of iron or steel to India stood at 212 million kilograms. Forecasted data from 2024 to 2028 shows a consistent increase, from 224.95 million kilograms in 2024 to 273.81 million kilograms in 2028. This suggests a year-on-year increase, reflecting growing demand or usage in the industry. The compounded annual growth rate (CAGR) over the five years, from 2023 to 2028, is expected to be robust, indicating a healthy upward trend.
Future trends to watch for include:
- Technological advancements in recycling and waste management affecting import levels.
- Shifts in global and Indian regulatory environments impacting the import and use of such materials.
- Changes in domestic production capabilities and capacities that might influence import needs.
- Emerging markets and new entrants altering supply chain dynamics.
