The forecast for the re-import of waste or scrap of precious metals (except pure gold and platinum) to Canada indicates a steady decline from 2024 to 2028, starting at 637.51 thousand USD in 2024 and decreasing to 483.97 thousand USD by 2028. In 2023, the value stood significantly higher. This trend suggests an average annual decline in value, reflecting shifting market dynamics and possibly a decrease in recycling demand or sourcing costs. Notably, the projected year-on-year declines for each year reveal a compounded annual growth rate (CAGR) of negative growth over this five-year period.
Future trends to monitor include technological advancements in recycling processes, fluctuations in global metal prices affecting scrap value, evolving regulations on waste import and export, and the development of domestic recycling capabilities that may influence this declining trend. Additionally, the global shift towards sustainable practices might also alter the dynamics of precious metal waste markets.
