The forecast for the import of iridium, osmium, and ruthenium unwrought or in powder form to India shows a steady increase from 2024 to 2028, with values rising from $2.8016 million to $3.2557 million. Year-on-year growth from 2024 to 2028 is expected to be approximately 4% to 6%. As of 2023, the actual import value stood below these estimates, indicating a positive trajectory. The compound annual growth rate (CAGR) for this period forecasts an average annual increase of about 3.8%.
Future trends to watch for include potential fluctuations in global supply and demand, technological advancements driving demand for these metals, and possible shifts in import tariffs or trade agreements affecting market dynamics.
