The import volume of molybdenum ores and concentrates to India is forecasted to grow steadily from 2024, with figures rising from 954.85 thousand kilograms in 2024 to 1109.0 thousand kilograms in 2028. This represents an average annual CAGR of 3.80% over this period. For context, imports in 2023 stood at a lower base, suggesting a consistent growth trajectory moving forward. Year-on-year growth from 2024 to 2025 is estimated at 4.16%, while 2025 to 2026 shows a 3.91% increase. The subsequent years from 2026 to 2027 and 2027 to 2028 indicate growth rates of 3.68% and 3.48% respectively.
Future trends to monitor include global demand for steel, as molybdenum is a critical alloying element in steel production, and technological advancements affecting mining and processing efficiencies which might influence prices and availability. Additionally, environmental regulations and geopolitical factors could impact supply chains and import volumes.
