The forecasted import of waste or scrap containing gold, the sole precious metal to Canada, shows a consistent upward trend from 2024 to 2028. Starting from a value of 1.3131 billion USD in 2024, the import value steadily increases each year, reaching 1.3956 billion USD by 2028. This indicates a stable growth in demand, with the average annual growth (CAGR) over these five years reflecting a modest yet positive change.
Future trends to watch for:
- Monitor changes in global gold prices, as these could significantly influence the import value.
- Keep an eye on technological advancements in recycling processes, which may impact waste or scrap volumes.
- Observe legislative changes regarding international trade or environmental policies that could affect import practices.