The import of molybdenum to Japan is expected to decrease steadily from 2024 through 2028. In 2023, the imports stood at a higher level compared to the start of the forecast period. The year-on-year variation showcases a gradual decline: 2025 is 4.93% less than 2024, 2026 is 5.08% less than 2025, followed by a 5.24% and 5.42% decrease in 2027 and 2028, respectively. The Compound Annual Growth Rate (CAGR) over the five-year forecast suggests an average decline of approximately 5.17% annually.
Future trends to monitor include global molybdenum price fluctuations, Japan’s industrial demand, especially in steel manufacturing, and potential shifts in import policies or availability of alternative resources. Technological advancements in recycling or substitution could also impact future import levels.
