In 2023, Japan imported an estimated 190 million kilograms of waste or scrap of precious metals except pure gold and platinum. The forecasts for 2024 to 2028 predict a steady increase in import volume, from 197.02 million kilograms in 2024 to 226.07 million kilograms in 2028. This indicates a consistent year-on-year growth, with annual increments around 3.8% to 3.2%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to average about 3.5%, illustrating a stable growth trajectory.
Future trends to watch for include technological advancements in metal recycling and refining which could influence Japan's import needs. Additionally, shifts in global demand and pricing for specific precious metals may impact import patterns. Environmental regulations might also play a significant role in shaping the market dynamics for scrap metal imports into Japan.
