The import of nickel waste or scrap to India is projected to grow steadily from 2024 to 2028, starting at an estimated 19.202 million USD in 2024 and reaching 21.169 million USD by 2028. In 2023, the actual import value stood at 18.729 million USD, indicating a positive trend. Year-on-year variations are as follows: from 2023 to 2024, a 2.52% increase; from 2024 to 2025, a 2.64% increase; from 2025 to 2026, a 2.52% rise; from 2026 to 2027, a 2.41% growth; and from 2027 to 2028, a 2.31% increase. The compound annual growth rate (CAGR) over the five-year forecast period is 2.48%.
Future trends to watch for:
• Increasing industrial demand: As India's manufacturing and industrial sectors grow, demand for nickel waste and scrap is likely to rise.
• Policy changes: Government policies related to import tariffs and recycling regulations could influence future import volumes.
• Global market dynamics: Fluctuations in global nickel prices and trade relations could impact import values.
