In 2024, the forecasted import of molybdenum profiles, sheets, or foils to the US is set at 157.17 thousand kilograms. From 2024 to 2028, there is a projected gradual decline in imports, with a decrease of approximately 2% overall. The year-on-year decline fluctuates around 0.5%, with a compound annual growth rate (CAGR) of about -0.48% over the five-year period. As we stand in 2024, it is essential to compare these numbers to 2023, which experienced slightly higher actual import values.
Future trends to watch for include:
- Global economic shifts influencing the demand for molybdenum.
- Technological advancements that may alter the supply-demand dynamics.
- Trade policy changes that could impact import conditions and competitiveness.
