Forecast: Import of Nitrogenous Mineral or Chemical Fertilizers to Japan

In 2023, the import value of nitrogenous mineral or chemical fertilizers to Japan was recorded at 164.21 million USD. For the period from 2024 to 2028, the forecasted data indicates a steady increase in the import value, growing from 166 million USD in 2024 to 173.21 million USD by 2028. The year-on-year growth shows a consistent trend with minor variations, averaging around 1-1.5% annually. Over the five years, this translates to a compound annual growth rate (CAGR) of approximately 1.07%, highlighting stable growth expectations in Japan's importation of nitrogenous fertilizers.

Future trends to watch for include:

• Potential policy changes in Japan regarding agricultural practices and environmental regulations that could impact fertilizer imports.
• Fluctuations in global fertilizer prices and their effects on import volumes and values.
• Technological advancements in domestic fertilizer production that may alter dependency on imports.