In 2023, the import volume of titanium oxides into Japan was at 12.133 million kilograms. The data forecast from 2024 to 2028 shows a consistent year-on-year decline in import volume. The import volume is expected to decrease from 11.989 million kilograms in 2024 to 11.432 million kilograms by 2028. This reflects an average compound annual growth rate (CAGR) of approximately -1.48% over the five-year period.
Future trends to watch for include:
- Potential shifts in domestic production or usage of titanium oxides that could impact import needs.
- Changes in international market conditions, such as supply chain disruptions or new environmental regulations affecting titanium oxide production.
- Technological advancements in substitutes for titanium oxides, which may accelerate the decline in import demands.