In 2023, the import value of amino-resins, phenolic resins, and polyurethanes to Japan was approximately 235 million USD. Forecasted data from 2024 to 2028 indicates a steady, modest increase. Year-on-year growth rates are consistent, hovering around 2% each year. From 2024 to 2028, the Compound Annual Growth Rate (CAGR) is projected at about 2%. This reflects a stable upward trend in import values.
Future trends to watch for include:
- Potential shifts in global supply chain dynamics impacting resin availability and cost.
- Technological advancements in production that may drive import demand changes.
- Japan's domestic policy changes targeting sustainability and circular economy, possibly influencing import volumes and product preferences.
