Waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds

In 2024, waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds trade exhibited strong growth, with global flows reaching $12,139,861,151 and a three-year compound annual growth rate of -10.6% (five-year: +3.8%). The all-time peak of $16,975,413,306 was recorded in 2021; the current level is 28% below that high-water mark.

Over the 30-year observation window (1995–2024), 72% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-17.1% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.101). The three largest exporters — United States ($2.7B), Indonesia ($2.2B), and Germany ($919.8M) — collectively dominate supply flows. The leading exporter has grown at -14.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.119). The three largest import markets are Japan ($2.4B), Germany ($2.3B), and Italy ($1.8B). The largest importing market sources from 41 different supplying countries.

Estimated substitution elasticity: -25.35. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Indonesia → Japan at $1.8B, representing 73.6% of the importer's total demand.

The volatility score for waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds is 7 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, strong demand tailwinds create a favourable entry environment. 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.