In 2023, the import value of nickel waste or scrap to the US was lower than the forecasted 2024 starting point of $371.59 million. From 2024 to 2028, the projected imports exhibit a steady growth trend with consecutive annual increases, with values rising from $371.59 million in 2024 to $425.41 million by 2028. Year-on-year, the forecasted increments indicate a consistent growth trend at an average rate (CAGR) of around 3.4% over this period.

Future trends to watch for:

Fluctuations in global nickel prices that may affect scrap value.
Developments in recycling technology potentially increasing domestic scrap availability and impacting import demand.
Policy changes and trade agreements influencing import conditions and cost.