In 2023, India's import of molybdenum wire led globally with growth in value while Germany and South Korea saw significant declines. Notable growth was also observed in Malaysia and the Philippines. Over the past year, Slovakia and Kyrgyzstan experienced sharp declines, while Lithuania and Slovenia showed remarkable growth. Despite variations, India managed to secure the top position, with some European countries experiencing notable fluctuations. Switzerland and Hungary also faced declines.
Future trends to watch for include potential rises in India’s imports given its growth momentum, alongside uncertainties in European markets. Observing shifts in Asian markets, specifically South Korea and Malaysia, will be key. The impact of emerging markets diversifying their imports could also shape the future landscape.
Top countries in Import of Molybdenum Wire Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 22.93 | 2023 | +2.28% | +1.08% | View data |
| 2 | 2 Germany | 14.67 | 2023 | -7.31% | -6.78% | View data |
| 3 | 3 South Korea | 8.66 | 2023 | -2.34% | -1.83% | View data |
| 4 | 4 United States | 6.63 | 2023 | +1.8% | +1.08% | View data |
| 5 | 5 Philippines | 5.83 | 2023 | +6.06% | +3.72% | View data |
| 6 | 6 China | 5.26 | 2023 | -2.92% | -1.85% | View data |
| 7 | 7 Italy | 4.86 | 2023 | -4.5% | -3.88% | View data |
| 8 | 8 Malaysia | 3.61 | 2023 | +3.3% | +4.14% | View data |
| 9 | 9 Japan | 3.39 | 2023 | -7.37% | -4.48% | View data |
| 10 | 10 Hungary | 3.28 | 2023 | -13.26% | -9.35% | View data |
