The import of rhodium in unwrought or powder form to Japan is forecasted to gradually decline from 6.36 thousand kilograms in 2024 to 6.23 thousand kilograms by 2028. In 2023, the imports stood at approximately the same level as projected for 2024. The year-on-year decrease is mild, averaging between 0.5% to 0.48% annually from 2024 through 2028, indicating a steady but slight downturn. This could be a result of shifting industry dynamics or alternative sourcing strategies in Japan.
Future trends to watch for include:
- Potential shifts in global demand and supply affecting rhodium's price and availability.
- Technological advancements in rhodium recovery and substitution affecting import volumes.
- Japan's industrial policy adjustments, which might lead to changes in rhodium import needs.
