In 2023, Japan imported approximately 81.0 thousand kilograms of terpenic oils, crude dipentene, and paracymene. The data forecasts a declining trend in imports from 2024 to 2028, with a year-on-year decrease of 3.5% in 2025, 3.5% in 2026, 3.6% in 2027, and 3.7% in 2028. The projected compound annual growth rate (CAGR) over these five years is about -3.7%, indicating a consistent reduction in import volumes.
Future trends to watch for include:
- Japan's domestic production capability for these compounds and its impact on import reliance.
- Potential changes in industrial demand driven by shifts in sectors that consume these compounds.
- Global market dynamics affecting terpenic oils, including environmental regulations and alternative product innovations.
