Industry Analysis & Industry Trends
The Scrap Metal Recycling industry has been through a tumultuous period over the past five years. Industry revenue is expected to contract by an annualised 5.7% over this time. Upstream activities have been affected by mixed demand, with manufacturing output declining and construction output growing. Overall, this has lowered the amount of scrap metal generated from domestic activities, which has reduced scrap metal volumes for the industry to process.
Declines in metal prices and reduced output have contributed to industry revenue falls in the past five years. Furthermore, lower domestic manufacturing levels have been detrimental to the industry's downstream markets, hindering demand growth for industry services... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Scrap Metal Recycling industry is currently in the decline stage of its life cycle. Lower industry volumes and weaker steel and scrap metal prices have resulted in large industry revenue declines in the five years through 2015-16. The industry has been declining at the same time as the overall economy has grown. While some scrap metal recycling firms have downsized their operations in favour of efficiency and productivity rather than scale, others have become more vertically integrated in an attempt to ensure supply and reduce transport costs.
In the 10 years through 2020-21, IBISWorld estimates industry value added to contract at a compound annual rate of 1.0%. This is in contrast to estimated GDP growth during the same period of 2.8%... purchase to read more