The forecast for the import of waste or scrap of precious metals (excluding pure gold and platinum) to the UK is expected to grow steadily from 2024 to 2028, starting at 11.339 million kilograms in 2024 and reaching 11.833 million kilograms in 2028. Notably, there was an actual import of 11.220 million kilograms in 2023, setting the baseline for these projections. The year-on-year growth is gradual and positive, signifying a consistent demand and possibly stable market conditions for these imports. The projected compound annual growth rate (CAGR) over this period is indicative of a stable but moderate increase in import volumes.
Future trends to observe include potential policy changes regarding waste imports, advancements in recycling technology, and shifts in global trade dynamics that could impact the supply chain for precious metal scraps. Additionally, fluctuations in global commodity prices and environmental regulations may further influence import volumes and demand in the UK in the coming years.
