The forecast for India's import of molybdenum ores and concentrates, excluding roasted varieties, shows a declining trend from 2024 to 2028, with the value expected to decrease steadily from $1.9118 million USD in 2024 to $1.529 million USD in 2028. Compared to estimated figures for 2023, the year-on-year reduction reflects a downward momentum. The compound annual growth rate (CAGR) over this five-year period indicates a consistent reduction in import value, highlighting diminished demand or improved local production efficiencies.
Future trends to watch for include changes in global molybdenum prices, shifts in India’s industrial demand, and policies affecting the importation of raw materials, which could alter this projected downturn.
