In 2023, the US imported approximately 22.5 million kilograms of magnesium waste or scrap, marking a baseline for evaluating subsequent trends. From 2024 to 2028, forecasted imports indicate a steady annual increase, suggesting a consistent demand for magnesium waste or scrap. The average Compound Annual Growth Rate (CAGR) over these years is calculated to reflect this gradual increase.
Future trends to monitor include:
- Global supply chain developments affecting magnesium availability.
- Technological advancements in recycling processes that could impact demand.
- Regulatory changes regarding import-export activities and environmental standards.
- Market dynamics such as trade disputes or tariffs that may influence import volumes.
