In 2023, the import volume of molybdenum powder to the US stood at 424.76 thousand kilograms. Forecasts from 2024 to 2028 project a steady increase in import volumes, reaching 481.34 thousand kilograms by 2028. Year-on-year growth rates from 2024 to 2028 are projected to be consistent, with an annual increase averaging around 2.55%.
The compound annual growth rate (CAGR) over this five-year period is estimated at approximately the same rate of 2.55%. This indicates a stable and gradual upward trend in the importation of molybdenum powder to the US.
Future trends to watch include changes in demand driven by industrial applications, technological advancements in the production or substitution of molybdenum, and regulatory impacts which could affect import quantities.
