The import of ammonium sulphate, double salts, and mixtures of ammonium sulphate and ammonium nitrate to Japan is experiencing a steady increase. As of 2023, the actual import value stood at approximately USD 1.5 million. Forecasts for the coming years show a consistent year-on-year growth, with expectations to reach approximately USD 1.85 million by 2028. This indicates a compound annual growth rate (CAGR) of about 4% over the five-year forecast period starting in 2024.
Looking ahead, several trends warrant attention:
- The increasing demand for agrochemical inputs in Japan, driven by its agricultural sector's need to enhance productivity and meet food security demands.
- Potential policy changes on both local and global scales could influence import restrictions, regulatory changes, and trade agreements affecting supply chains.
- Technological advancements and environmental considerations may impact the preferred types and compositions of fertilizers, affecting import dynamics.