In 2023, Japan's import of potassium nitrate stood at 10.135 million kilograms.
The forecasted annual imports from 2024 to 2028 indicate a gradual increase, with values reaching 11.293 million kilograms by 2028.
From 2023 to 2024, the year-on-year increase is approximately 2.30%. For the subsequent years, the growth rates are 2.29% (2024-2025), 2.20% (2025-2026), 2.11% (2026-2027), and 2.02% (2027-2028). This suggests a consistent upward trend in importation.
The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 2.18%, indicating steady growth in imports.
Future trends to watch for include potential shifts in global potassium nitrate supply chains and demand fluctuations in Japan's agricultural and industrial sectors, which may influence import volumes further.
