In 2023, the import of molybdenum oxides and hydroxides to India stood at a certain benchmark value. The forecasts from 2024 to 2028 indicate a steady year-on-year increase: 5.1% in 2024, 5.1% in 2025, 4.7% in 2026, 4.7% in 2027, and 4.2% in 2028. This results in a compound annual growth rate (CAGR) of approximately 4.7% over the forecasted years.
Future trends to watch for include:
- Potential fluctuations in global molybdenum prices affecting import volumes.
- India’s industrial demand, particularly in steel production, driving import needs.
- Environmental regulations influencing sourcing and import strategies for cleaner production.
- Evolving international trade agreements and geopolitical dynamics impacting trade routes and costs.
