According to the forecast data, Japan's import of lubricating oil additives without petroleum or bitumen oils shows a consistent downward trend. After standing at approximately 3.01 million kilograms in 2023, projected imports are expected to decrease steadily from 2.92 million kilograms in 2024 to 2.57 million kilograms by 2028. This indicates a year-on-year decrease of around 3.13% on average, or a negative compound annual growth rate (CAGR) over the five-year forecast.
For future trends, several factors could influence these imports, including advancements in alternative technologies, increased domestic production capabilities, regulatory changes, and shifts in consumer preferences toward sustainability and eco-friendly products. Monitoring these factors could provide insights into potential deviations from the forecasted trend.
