In 2023, Japan imported iridium, osmium, and ruthenium totaling approximately 7.58 million kilograms, suggesting a steady increase through to 2028 as the import volumes rise to 8.80 million kilograms. The forecast indicates a continual upward trend with an annual growth rate of around 5% from 2024 to 2028.
The year-on-year increases appear consistent, reflecting Japan's growing demand for these metals, potentially driven by expanding industrial applications and technological advancements.
Future trends to watch:
- Technological advancements utilizing these metals, potentially boosting demand.
- Fluctuations in global supply and geopolitical influences affecting availability and prices.
- Emerging applications in electronics and catalysis that can spur import increases.
