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Metal Recycling in China Industry Data and Analysis
The Metal Recycling industry in China has grown over the past five years. Industry revenue is expected to rise at an annualized 1.4% over the five years through 2024, to $58.8 billion. This trend includes anticipated growth of 2.0% in the current year. Although growth in the Chinese economy has slowed, rising urbanization has raised demand for industry products and services. Large downstream markets like automobile, and equipment & machinery manufacturing sectors have continued to develop and driven industry growth over the period. Prior to the current five-year period, industry revenue growth slowed as the effects of government controls on the real estate sector reduced both demand and supply for scrap metals.This industry has low margins and high purchase costs. Margins depend on a variety of factors, including world steel prices, scrap metal prices and downstream demand from major markets like construction. Profit has increased slightly over the past five years and is expected to account for 5.7% of industry revenue in 2024. Since 2021, the Government has issued the Guiding Opinions on Accelerating the Establishment and Improvement of a Green and Low Carbon Recycling Development Economic System, the Fourteenth Five Year Industrial Green Development Plan and the Fourteenth Five Year Industrial Development Plan for Raw Materials. The policy clearly requires strengthening the recycling of renewable resources.Industry revenue is projected to grow at an annualized rate of 1.4% over the five years through 2029 to $63.2 billion. Ongoing urbanization, new construction in rural areas, and government assistance to the industry are anticipated to be the main drivers of growth. Competing imports have a positive impact on both environmental protection and economic benefits. Importing scrap metals can increase domestic metal resource reserves. This can also reduce the mining of ores and protect nature. Competing imports are estimated to increase at an average rate of 6.5% in the next five years. As recycling technology in China for waste resources becomes increasingly advanced, exports will decrease. Exports are expected to decrease at an average rate of 2.1% in the next five years.
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What's included in this industry analysis
IBISWorld's research coverage on the Metal Recycling industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Metal Recycling industry in China operates under the industry code 4310. Firms in the industry recycle metal and other waste into new usable raw materials. Commonly recycled metals include steel, copper, aluminum, zinc, lead, nickel and titanium. The typical recycling process involves sorting, shearing, shredding, torching and extracting. Related terms covered in the Metal Recycling industry in China include ferrous, non-ferrous and baler.
What's included in this industry?
Products and services covered in Metal Recycling industry in China include Ferrous metal recycling, Non-ferrous metal recycling and Precious and other metal recycling.
What companies are included in this industry?
Companies covered in the Metal Recycling industry in China include China Baowu Steel Group Corporation Limited, GEM Co., Ltd. and Chiho Environmental Group Limited.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Metal Recycling industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Metal Recycling industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Metal Recycling industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Metal Recycling industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Metal Recycling industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Metal Recycling industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Metal Recycling industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Metal Recycling industry in China.
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Frequently Asked Questions
What is the market size of the Metal Recycling industry in China in 2026?
The market size of the Metal Recycling industry in China is $58.8bn in 2026.
How many businesses are there in the Metal Recycling industry in China in 2024?
There are 974 businesses in the Metal Recycling industry in China, which has grown at a CAGR of 1.4 % between 2019 and 2024.
How may import tariffs affect the Metal Recycling industry in China?
The Metal Recycling industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Metal Recycling industry in China?
The Metal Recycling industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Metal Recycling industry in China grown or declined over the past 5 years?
The market size of the Metal Recycling industry in China has been growing at a CAGR of 1.2 % between 2019 and 2024.
What is the forecast growth of the Metal Recycling industry in China over the next 5 years?
Over the next five years, the Metal Recycling industry in China is expected to grow.
What are the biggest companies in the Metal Recycling industry in China?
The biggest companies operating in the Metal Recycling industry in China are China Baowu Steel Group Corporation Limited, GEM Co., Ltd. and Chiho Environmental Group Limited
What does the Metal Recycling industry in China include?
Ferrous metal recycling and Nonferrous metal recycling are part of the Metal Recycling industry in China.
Which companies have the highest market share in the Metal Recycling industry in China?
The company holding the most market share in the Metal Recycling industry in China is China Baowu Steel Group Corporation Limited.
How competitive is the Metal Recycling industry in China?
The level of competition is moderate and increasing in the Metal Recycling industry in China.
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