The import of waste or scrap of precious metal to Australia has shown significant fluctuations over the past decade. In 2023, the value stood at 394.33 million USD. The historical data reflects large year-on-year increases in certain years, such as 2015 and 2016, with values rising drastically by 140.06% and 176.5% respectively. In contrast, other years saw steep declines, particularly 2017 and 2018 by -57.96% and -59.59%. Over the last two years, the year-on-year variation was relatively stable with a slight increase of 2.27% in 2023. The aggregate view over the past five years gives a CAGR of 14.66%.
The forecast from 2024 to 2028 suggests a moderate growth trajectory with an annual average growth rate (CAGR) of 1.71%. The overall forecasted growth rate over these five years stands at 8.85%, reflecting a stable but modest uptrend.
- Trends to watch for include potential changes in global metal recycling markets. - Technological advancements in recycling processes impacting the volume and value of imports. - Regulatory changes in waste management could also influence market dynamics.
