Based on the forecast data, the import of ammonium nitrate to Japan from 2024 to 2028 is projected to steadily increase each year. The expected imports are as follows: 42.943 million kilograms in 2024, rising to 49.063 million kilograms by 2028. Comparing data year-on-year, there is a positive growth trajectory with an average annual growth rate (CAGR) of approximately 2.68% over this five-year period. This indicates a consistent upward trend in demand for ammonium nitrate imports.
In 2023, the imports stood at around the same quantity as the 2024 value, signifying a stable market situation transitioning into the forecasted period.
Future trends to watch for include global price fluctuations of ammonium nitrate, which might impact the import volumes to Japan. Trends in domestic agricultural and industrial activities in Japan will also play a crucial role in shaping import dynamics.
