The forecast for China's import of rhodium in semi-manufactured forms indicates a declining trend from 2024 to 2028, starting at $87.49 thousand and decreasing to $63.95 thousand in value. In 2023, the import value stood significantly higher, suggesting a sharp year-on-year decline.
Key year-on-year variations are evident, with anticipated reductions of approximately 6.9% annually from 2024 to 2025, 7.3% from 2025 to 2026, 7.7% from 2026 to 2027, and 8.2% from 2027 to 2028. Over the five-year period, this downward trajectory averages a compound annual growth rate (CAGR) of -7.7%.
Future trends to watch for include:
- Economic shifts influencing China's industrial demand for rhodium, particularly in critical sectors such as automotive and electronics.
- Developments in recycling technologies that might reduce reliance on imports.
- Global rhodium market supply changes due to geopolitical factors, affecting pricing and availability.