The forecast for the re-import of waste and scrap of cast iron to Canada from 2024 to 2028 shows a declining trend. The projected values decrease from $355.41 thousand in 2024 to $323.82 thousand in 2028. From 2024 to 2025, the decrease is approximately 2.3%, and similar trends continue each subsequent year. Calculating the Compound Annual Growth Rate (CAGR) over these five years indicates a consistent decline, averaging around 2.2% per year.
Future trends to watch for include the effects of global iron demand fluctuations, environmental regulations impacting scrap metal imports, and currency exchange rates influencing trade costs. These factors could affect the re-import levels and market dynamics in the coming years.
