The import of waste or scrap of precious metals (excluding pure gold and platinum) to India is projected to increase steadily from 2024 to 2028. In 2023, India's import volume stood at 150.0 thousand kilograms. The year-on-year growth from 2024 indicates steady expansion, with projected increases: 5.9% from 2024 to 2025, 5.5% from 2025 to 2026, 5.1% from 2026 to 2027, and 4.8% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period to 2028 is forecasted at 5.3%.
Future trends to watch include:
- Global economic conditions affecting scrap metal supplies.
- Technological advancements in metal recycling processes.
- Regulatory changes impacting cross-border scrap trade.
- Fluctuations in demand for precious metals in industries like electronics.
