In 2023, the import of Resorcinol to Japan was recorded at 178.00 Thousand Kilograms. The forecast for 2024 stands at 165.47 Thousand Kilograms, which represents a year-on-year decline of approximately 7%, continuing a trend observed in the previous years. Moving forward, the trend is predicted to maintain a downward trajectory: 154.09 Thousand Kilograms in 2025 (a 6.86% decrease from 2024), 142.94 Thousand Kilograms in 2026 (a drop of 7.21% from 2025), 132.01 Thousand Kilograms in 2027 (another decrease of 7.65% from 2026), and 121.31 Thousand Kilograms in 2028 (a 8.12% decline from 2027).
The historical data and forecasts indicate a compound annual growth rate (CAGR) of -9.31% over the five-year forecast period from 2024 to 2028.
Future trends to watch for include potential shifts in industrial demand, fluctuations in global and regional pricing, and the impact of environmental regulations that could either further decrease or stabilize the imports of Resorcinol into Japan.