The import of supported catalysts with nickel or nickel compounds to Japan was at 2.0 million kilograms in 2023, demonstrating a downward trend in the subsequent five years. The projections for 2024 to 2028 show a steady decline in import volumes, from 1.8976 million kilograms in 2024 to 1.4122 million kilograms in 2028. The year-on-year percentage variation indicates a consistent reduction, with a negative compounding annual growth rate signaling a significant decrease over this period.
Future trends to watch for include Japan's efforts in sustainability, which may further impact the demand for these imports as the industry might shift towards alternative catalysts. Global nickel price fluctuations and potential technological advancements in catalyst formulations could also alter future import volumes considerably.
