The import of waste or scrap of precious metal to the US is projected to decline significantly from 2024 to 2028. From 2024's value of $459.72 million, the forecast anticipates a sharp decline to $179.47 million by 2028. This decline represents a compound annual growth rate (CAGR) of approximately -22.63% over the five-year period.
Year-on-year variations indicate a consistent downward trend, with import values dropping steadily each year. The sharpest decreases are seen between 2026 and 2027, followed by the period leading to 2028. In comparison to 2023, when actual data would indicate where imports stood, this forecast suggests a heightened and accelerated reduction in imports.
Future trends to watch for include potential changes in recycling technologies, regulatory shifts impacting waste or scrap import practices, and fluctuations in global precious metal prices, all of which could influence the trajectory of imports to the US beyond 2028.
