In 2023, Japan's crude iodine production was at 10.71 thousand metric tons. The forecast indicates a steady increase in production from 2024 to 2028, with values rising from 10.83 to 11.3 thousand metric tons. Year-on-year growth rates range from approximately 1.0% to 1.2% during this period. The compound annual growth rate (CAGR) over the five-year forecast is expected to be around 1.1%.
Future trends to watch for include:
- Variation in global iodine demand which might affect Japanese production levels.
- Technological advancements that could enhance production efficiency in Japan.
- Environmental regulations that may impact iodine extraction and production processes.