In 2023, Japan imported 131.6 thousand kilograms of universal AC/DC motors with an output of less than 37.5 watts. Forecast data for 2024 shows a projected import volume of 125.69 thousand kilograms, which indicates a decrease of 4.5% from the previous year. This downward trend is expected to continue annually, with a year-on-year decline of 4.95% in 2025, 5.09% in 2026, 5.27% in 2027, and 5.45% in 2028. Over the 5-year period from 2023 to 2028, the compound annual growth rate (CAGR) suggests an average annual decline of 5.03%.
Future trends to watch for include:
- Potential technological advancements that could reduce dependence on low-output universal AC/DC motors.
- Shifts in market demands influenced by Japan's transition to more energy-efficient motors and environmental regulations.
- Possible impacts of global supply chain changes and international trade policies on import volumes.