Key Market Indicators
Japan's aromatics import market is projected to reach nearly $11.7 million by 2028, up from approximately $10.6 million in 2023. This represents an average annual growth rate of 1.7%. Since 1993, the country's demand for aromatics has increased by an average of 1.1% per year. On the export front, Japan's aromatics market is expected to grow more robustly. Exports are forecasted to hit around $25.3 million by 2028, rising from about $21.1 million in 2023. This growth reflects an average annual increase of 2.9% since 1993, with Japanese supply having surged by an impressive 6.4% per year. In the global rankings for 2023, Japan secured the fourth position in aromatics exports, with India overtaking Japan with a total of approximately $21.1 million. China and India held the second and third spots, respectively, ahead of Japan.
