In 2023, China's imports of iridium, osmium, and ruthenium in unwrought or powder form were at a substantial level, setting the stage for projected growth from 2024 onwards. The forecasted values for 2024 to 2028 indicate a steady year-on-year increase with percentages in the low single digits, reflecting moderate growth in demand and possibly sustained industrial requirements for these metals.
Over the five-year period, the imports' compound annual growth rate (CAGR) also indicates a consistent upward trend in this market segment. This growth pattern suggests that China's continued advances in technology, electronics, and other high-tech sectors may catalyze ongoing demand increase for these rare metals.
Future trends to watch for include changes in global supply dynamics, potential trade policy shifts, and technological advancements that could influence demand or the availability of these metals. Additionally, environmental regulations and innovations in recycling could impact future import volumes.
