In 2023, the import value of roasted molybdenum concentrates to India stood at approximately 188 million US Dollars. In 2024, it is forecasted to increase to 194.85 million US Dollars, signifying a growth pattern that continues into 2028, reaching 219.62 million US Dollars. This represents healthy year-on-year growth rates, with an average annual growth rate (CAGR) of approximately 3% over this period.
Future Trends to Watch:
- The increasing demand in India's industrial and manufacturing sectors could drive further growth in imports.
- Global supply chain dynamics and price volatility may impact these forecasts, necessitating close monitoring.
