The forecast for phenol imports to Japan from 2024 to 2028 shows a gradual year-on-year increase, beginning from 103.99 million kilograms in 2024, progressing to 119.77 million kilograms by 2028. Compared to 2023, which recorded an actual lower import figure, this upward trend speaks to a modest and consistent growth reflecting an increased demand or requirement for phenol in the country. Over this five-year forecast period, the compound annual growth rate (CAGR) suggests a steady yet moderate annual increase.
Future trends to watch for include potential shifts in domestic production capabilities, global market supply changes, or policy interventions that might impact these import levels. Monitoring these factors is crucial as they could substantially alter the demand forecast for phenol in Japan.
