In 2023, India imported molybdenum oxides and hydroxides valued at approximately $7.6 million USD. Forecasts predict a steady increase in imports, rising to $8.6185 million USD by 2028. This growth translates to a Compound Annual Growth Rate (CAGR) of around 2.5% over the forecast period. The year-on-year growth shows a consistent upward trend, with annual increases ranging between 2.6% to 2.7%.
Future trends to watch include:
- Fluctuations in global prices of molybdenum which could affect import volumes.
- India's industrial demand influencing import needs.
- Impact of policy changes on trade agreements related to raw materials.
