The import of degras and residues from the treatment of animal and vegetable waxes to Japan is projected to experience a slight decline from 2024 to 2028, with a decrease from $7.9519 million in 2024 to $7.3986 million in 2028. This forecast suggests a consistent year-on-year decline of approximately -2% annually during this period. The compound annual growth rate (CAGR) over the five-year forecast indicates an average annual decrease, suggesting a trend of gradually diminishing imports.

Future trends to consider include:

Changes in global production and demand for animal and vegetable waxes that could impact import needs.
Potential shifts in Japan’s domestic production capabilities or preferences for alternative materials.
Economic policies or trade agreements that might affect the cost and volume of imports.