Forecast: Import of Adipic Acid to Japan

The forecasted data suggests a gradual decline in the import value of adipic acid to Japan from 2024 to 2028, decreasing from approximately $51.848 million in 2024 to $48.783 million by 2028. This represents a continuous downward trend with the year-on-year variation showing a slight annual decrease.

Factors likely influencing this trend could include changing domestic demand, advancements in local production, potential regulatory changes influencing import policies, and shifts in the global market dynamics for adipic acid. The Compound Annual Growth Rate (CAGR) over this period exhibits a modest contraction, indicating a sustained decline throughout the forecasted years.

Future trends to watch for include:

  • Developments in Japan’s domestic production capacity for adipic acid.
  • Technological advancements and alternative materials potentially reducing the need for imports.
  • Fluctuations in global demand and pricing affecting import dynamics.

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