In 2023, Japan's import of furfuryl alcohol and tetrahydrofurfuryl alcohol stood at an actual value of approximately 17.8 million kilograms. The forecast for 2024 to 2028 indicates a decreasing trend, with imports shrinking from 17.682 million kilograms in 2024 to 17.143 million kilograms by 2028. This represents a modest year-on-year decline, suggesting a gradual shift, possibly due to changes in domestic demand or global supply conditions. The compound annual growth rate (CAGR) for this period reflects a continuous decrease, aligning with recent trends.
Future trends to watch for include:
- Shifts in global production capacity and cost competitiveness.
- Environmental regulations impacting production or importation.
- Technological advancements influencing alternative material usage.
- Economic policies and trade agreements affecting import dynamics.
