From 2023 to 2024, Japan's import of urea including its aqueous solution is projected to increase, indicating a consistent upward trend over the following years until 2028. This growth reflects an ongoing demand for urea, likely supported by agricultural and industrial needs. Year-on-year, the imports are expected to rise steadily, with an average annual growth rate of approximately 2.6% over the five-year period.
Future trends to watch for include:
- Potential impacts of global market prices on import volumes.
- Technological advancements or changes in agricultural practices that could alter urea demand.
- Regulatory changes affecting import policies or environmental considerations.