The forecast for the import of lubricating oil additives with petroleum or bitumen oil to Japan indicates a gradual decline from 2024 to 2028. Starting at 118.36 million kilograms in 2024, the import volume is projected to decrease incrementally each year, reaching 117.74 million kilograms by 2028. Given that 2023’s actual import figures were not provided, these trends demonstrate a steady reduction in import volume year-on-year, averaging slight annual decreases.
Future trends to watch for include potential shifts in economic conditions or technological advancements that could influence Japan's reliance on imported lubricating oil additives. Additionally, environmental policies and regulations may play a significant role in shaping demand dynamics and import patterns.
