In 2023, the import of unwrought or powdered iridium, osmium, and ruthenium to China was below the forecasted 9.17 thousand kilograms set for 2024. The projected import volumes indicate a consistent growth pattern with an annual increase of approximately 3% in value from 2024 to 2028. Specifically, from 2025 to 2026, there's an estimated year-on-year growth of 3.16%, then 2.97% from 2026 to 2027, and 2.88% from 2027 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) averages out to be just above 2.99%.
Future trends to watch include:
- Technological advancements in industries utilizing these metals that may drive demand.
- Potential geopolitical influences impacting supply chains and pricing.
- Innovation in recycling and efficiency in usage, potentially affecting import needs.