In 2023, the import volume of urea and thiourea resins to Japan stood higher compared to the forecasted figures from 2024 onward. The projected data indicates a continuous decline in import volume from 2024 through 2028. Year-on-year percentage changes reveal a gradual reduction, with the most significant decline observed in the later years. The overall CAGR for the 2024-2028 period suggests a steady decreasing trend in imports.
Looking ahead, key trends to monitor include potential shifts in domestic production capabilities, changes in consumption patterns, and international trade agreements that could impact import needs and availability of these resins in Japan.
