Waste and scrap of precious metals: of gold, including metal clad with gold but excluding sweepings containing other precious metals

In 2024, waste and scrap of precious metals: of gold, including metal clad with gold but excluding sweepings containing other precious metals trade exhibited modest growth, with global flows reaching $12,324,002,580 and a three-year compound annual growth rate of +9.5% (five-year: +1.5%). The all-time peak of $12,853,272,423 was recorded in 2012; the current level is 4% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+1.1% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.142). The three largest exporters — United States ($4.2B), United Kingdom ($1.4B), and United Arab Emirates ($996.6M) — collectively dominate supply flows. The leading exporter has grown at +12.5% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.169). The three largest import markets are Canada ($4.0B), Switzerland ($1.8B), and Hong Kong ($1.5B). The largest importing market sources from 12 different supplying countries.

Estimated substitution elasticity: -65.25. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United States → Canada at $4.0B, representing 99.8% of the importer's total demand.

The volatility score for waste and scrap of precious metals: of gold, including metal clad with gold but excluding sweepings containing other precious metals is 15 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.