Based on the forecast data from 2024 to 2028, the re-import of nickel waste or scrap to Canada shows a consistent upward trend. The values in thousands of US dollars indicate a steady increase from 509.88 in 2024 to 637.86 in 2028. The approximate annual growth rate appears to be around 6% year-on-year.
In 2023, assuming a value lower than that projected for 2024, the trend reflects a successful recovery and expansion in the nickel waste recycling sector. Specific values for 2023 aren't provided but the anticipated growth signals optimistic market conditions.
Future trends to watch for:
- Global demand for nickel as it relates to the growth of industries such as battery production and stainless steel.
- Environmental regulations impacting the recycling market.
- Advancements in recycling technologies that could influence re-import values.