The forecast for the import of petroleum-based lubricants used for the treatment of textile materials, leather, and furskins to Japan shows a consistent decline from 2024 to 2028, starting at 220.58 thousand kilograms in 2024 and decreasing to 192.49 thousand kilograms by 2028.
Observed year-on-year changes indicate a downward trend in volume, with an average compound annual growth rate (CAGR) reflective of this decline over the five-year period. In comparison, actual values in 2023 offered a slightly higher baseline from which this downward projection is made.
- 2024: 220.58 thousand kilograms
- 2025: 213.34 thousand kilograms
- 2026: 206.25 thousand kilograms
- 2027: 199.3 thousand kilograms
- 2028: 192.49 thousand kilograms
Future trends to watch for include global shifts in demand for alternative eco-friendly lubrication solutions, technological innovations in textile and leather treatment processes, and economic factors influencing Japan's import needs. Monitoring these trends will help determine whether this predicted decline will persist or if course corrections may be anticipated.
