In 2023, Canada's import of waste or scrap of precious metals, excluding pure gold and platinum, stood at a level below the forecasted 73.503 million kilograms in 2024. The data forecasts a gradual increase year-on-year with a compound annual growth rate (CAGR) observed over the years. As per the predictions, the import volume is expected to rise to 79.28 million kilograms by 2028.
Future trends to watch for include:
- Potential regulatory changes affecting import markets.
- Shifts in global demand for precious metals recycling.
- Technological advancements in recycling processes improving recovery rates.
- Economic factors influencing commodity prices and trade policies.
