In 2023, India led the global import of waste or scrap of stainless steel, accounting for 25.07% of total imports. Belgium and the Netherlands followed, contributing 20.69% and 8.59%, respectively. Noteworthy trends in 2023 included significant import increases from Ukraine, Latvia, and South Africa, while countries like Japan, Greece, and the United Arab Emirates saw notable declines. Over the last five years, imports from India showed consistent growth, whereas Belgium experienced minimal variations, and countries like Japan faced a steep decline.
Looking ahead, key trends to monitor include China's environmental policies impacting scrap imports and the EU's regulatory changes. Additionally, the circular economy's influence on recycling efficiency may alter market dynamics, especially affecting regions like Europe and Asia.
Top countries in Import of Waste or Scrap of Stainless Steel Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 25.07 | 2023 | +3.64% | +2.52% | View data |
| 2 | 2 Belgium | 20.69 | 2023 | +1.07% | +0.052% | View data |
| 3 | 3 Netherlands | 8.59 | 2023 | -1.98% | -2.78% | View data |
| 4 | 4 Spain | 6.78 | 2023 | -0.6% | -1.38% | View data |
| 5 | 5 United States | 6 | 2023 | +3% | +1.77% | View data |
| 6 | 6 Italy | 5.7 | 2023 | +2.36% | +0.0023% | View data |
| 7 | 7 Germany | 4.82 | 2023 | -3.78% | -5.19% | View data |
| 8 | 8 Sweden | 4.52 | 2023 | +2.18% | +1.97% | View data |
| 9 | 9 South Korea | 4.43 | 2023 | -4.25% | -5.37% | View data |
| 10 | 10 United Kingdom | 1.94 | 2023 | +1.16% | -1.04% | View data |
