As of 2023, the import value of polypropylene to Japan stood at 190.0 million US dollars. Forecasts predict a gradual increase over the coming years, with values expected to reach 195.71 million US dollars in 2024 and grow steadily to 219.03 million US dollars by 2028. This reflects a consistent year-on-year increase, indicating a stable demand for polypropylene imports.
Year-on-year variations over the last two years show an increase of 3.0% from 2024 to 2025 and an increase of 2.9% from 2023 to 2024. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period from 2024 to 2028 is approximately 2.32%.
Future trends to watch for include potential changes in global supply chains, fluctuations in oil prices influencing polypropylene production costs, and Japan's internal demand shifts driven by technological advancements and industry needs. Environmental regulations and recycling initiatives could also impact import levels and sourcing strategies.
