The forecast of re-import of ferro-molybdenum to Canada indicates a consistent upward trend from 2024 to 2028. In 2024, the volume is expected to be 148.32 thousand kilograms, gradually increasing to 172.76 thousand kilograms by 2028. This represents a compound annual growth rate (CAGR) of 3.9% over the five-year forecast period. The year-on-year growth rates are depicted by slight increases each year, suggesting steady demand or usage in relevant sectors.
In terms of future trends to watch, potential impacts on this trend could include fluctuating global demand in the steel industry, shifts in trade policies impacting raw materials, and advancements in recycling technologies possibly reducing need for re-importing. Monitoring these factors will provide insights into the resilience and adaptability of the ferro-molybdenum market in Canada.
