The import of resinoids to Japan is projected to decrease steadily from 2024 to 2028, declining from $578.25 thousand USD to $389.42 thousand USD. This represents a consistent annual decline over the five-year period, suggesting a negative compound annual growth rate (CAGR). As of 2023, the import value was higher compared to these forecasts, reflecting a trend of diminishing imports.
Future trends to watch for:
- Factors contributing to the decline, such as domestic production increases or changes in market demand.
- Potential economic or trade policy changes that might influence international trade conditions.
- Environmental or regulatory pressures impacting the use of resinoids in industries.