The forecast for the import of lac, natural gums, resins, gum-resins, and balsams to Japan from 2024 to 2028 shows a slight, consistent decline over this period, decreasing from $11.617 million to $11.224 million. This projection follows a diminishing trend, with a year-on-year decrease of approximately 0.9% to 1%. Given that the actual imports in 2023 were steady compared to previous years, this forecasted decline suggests a possible reduction in demand or shifts in sourcing and trade dynamics.
Future trends to watch for include:
- Potential changes in Japan’s industrial capacity and demand, particularly in sectors utilizing these materials.
- The impact of global trade policies and environmental regulations on import levels.
- Emerging alternatives or technological advancements that could reduce dependence on these imports.