In 2023, the import of lysine to Japan stood at $40.820 million. The forecast from 2024 to 2028 indicates a consistent annual growth, starting from $41.246 million in 2024, reaching $42.94 million by 2028. This demonstrates a steady upward trend with growth between 1% to 1.5% year-on-year. The compound annual growth rate (CAGR) over these five years is approximately 1.26%.
Future trends to watch for include:
- Potential changes in lysine consumption in agricultural and pharmaceutical sectors, which could affect import levels.
- Trade policy changes or economic shifts that may impact import costs or volumes.
- Advancements in alternative protein sources possibly influencing lysine demand.