From 2023, the import of waste or scrap of paper, paperboard of mechanical pulp to the US is on a projected declining trend. In 2023, this import figure stood at approximately 20 million kilograms. Projections for 2024 to 2028 show a decreasing trend with these values reducing gradually to 11.552 million kilograms in 2028.
The year-on-year percentage changes indicate a consistent decline, revealing potential challenges or shifts in market demand, regulatory measures, or efficiency improvements in the use or recycling of such materials. The Compound Annual Growth Rate (CAGR) over the forecast period is indicative of an annual average decrease, suggesting a longer-term contraction in import volumes.
Looking ahead, factors to monitor include changes in US recycling and waste management policies, technological advancements in paper recycling processes, global market price fluctuations, and shifts in domestic consumption patterns. These could impact the demand for imported waste paper materials.
