The import of semi-manufactured palladium to the US shows a gradual decline in the forecasted years from 2024 to 2028. Starting at 10.24 thousand kilograms in 2024, the imports fall to 9.45 thousand kilograms by 2028. Considering the aggregated data, the year-on-year variations are relatively consistent, showing slight but steady decreases each year: -1.95% for 2025, -1.99% for 2026, -2.03% for 2027, and -1.97% for 2028. Over the five-year period, the compound annual growth rate (CAGR) is around -1.98%, indicating a sustained downward trend.
In 2023, the import value stood higher than in subsequent years, reflecting the start of the declining trend. Future trends to watch for include potential shifts in global demand for palladium, technological advancements that could impact its use, fluctuations in international trade policies, and the emergence of alternative materials that might replace palladium in certain industrial applications.
