In 2023, the import volume of copper and copper alloy waste or scrap into Canada was 110.53 million kilograms. Forecasts from 2024 onwards indicate a gradual increase in volume, showing a steady upward trend. The year-on-year growth is projected at approximately 1.94% to 1.82% between successive years up to 2028, revealing consistent growth in demand. Over the next five years, the compound annual growth rate (CAGR) stands at 1.85%, demonstrating a stable expansion within the copper recycling sector.
Future trends to watch for include potential shifts in global copper prices, changes in domestic recycling capacities, and any new trade policies impacting import dynamics. Technological advancements in recycling and copper alloy production could further influence import patterns.
