The forecasted import of monofilament and rods of ethylene polymers to Japan is expected to rise consistently from 8.5423 million kilograms in 2024 to 10.111 million kilograms in 2028. Previously, based on actual data, imports in 2023 were approximately 8.145 million kilograms, indicating an increase of 4.9% in 2024 compared to the previous year. The year-on-year growth rates are estimated at around 4.7% for 2025, 4.4% for 2026, 4.2% for 2027, and 3.9% for 2028. The compound annual growth rate (CAGR) over the forecast period is expected to be approximately 4.4% per annum.
Future trends to watch for:
- Considerable demand from industrial applications driving imports.
- Potential technological advancements in the production of ethylene polymers affecting domestic supply challenges.
- Shifts in trade policies or tariff structures impacting imports cost-effectiveness.
- Environmental regulations influencing recycling and alternative material usage.