In 2023, the re-import of aluminum waste or scrap to Canada stood at 240. This forecast indicates a steady decline in volume from 2024 to 2028, with each year's value decreasing incrementally. Specifically, the data suggests a reduction in thousands of kilograms from 227.07 in 2024 to 172.67 in 2028. The year-on-year variation shows a consistent decrease, highlighting a contraction in re-import volume. Over the forecast period from 2024 to 2028, the average annual reduction in volume, expressed as a compound annual growth rate (CAGR), is significant, indicating a sustained downward trend.
Future trends to watch for include:
- Potential policy changes affecting import tariffs and recycling incentives.
- Technological advancements in recycling processes that may alter import dependency.
- Supply chain disruptions or shifts in global aluminum scrap markets.
- Environmental regulations that might impact the demand and availability of aluminum scrap.
