The import of pigments based on zinc sulphide and lithophone to Japan is projected to decline from 2024 to 2028, starting at $1.3537 million in 2024 and reducing to $1.2725 million by 2028. This represents consecutive year-on-year decreases of approximately 1.54% to 1.56%. As of the end of 2023, the imports stood at a slightly higher value, indicating a gradual downward trend over the forecast period. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 indicates an average annual decrease of about 1.58%.
Future trends to watch for include changes in the global supply chain dynamics, developments in alternative materials, and shifts in Japan's industrial policies. These factors could influence supply, demand, and pricing strategies in the pigments market.
