In 2023, Japan's import of terephthalic acid stood at approximately 108 million kilograms. From 2024 to 2028, the forecasts show a steady annual growth in import volume. Year-on-year variations indicate a stable increase of around 3% annually, with imports projected to reach 125.71 million kilograms by 2028. This consistent growth reflects a compound annual growth rate (CAGR) of approximately 3% over the five-year forecast period.
Future trends to watch for include:
- Global supply chain dynamics affecting raw material availability.
- Shifts in domestic demand driven by Japan's manufacturing and textile sectors.
- Influence of environmental policies impacting production and importation practices.
- Technological advancements potentially altering production methods.