In 2023, Japan's import of wood residues was 13.60 thousand cubic meters. The forecast for 2024 to 2028 shows a declining trend, with an anticipated import volume of 13.47 thousand cubic meters in 2024, decreasing to 12.91 thousand cubic meters by 2028. This indicates a year-on-year decline, reflecting a gradual reduction in import volume over the period. The Compound Annual Growth Rate (CAGR) over the next five years forecasts an average yearly decrease, suggesting a consistent downward trend in wood residue imports.
Future Trends to Watch For:
- Japan's shift toward sustainability and alternative materials could further decrease import needs.
- Technological advancements in the wood industry may impact residue demand and imports.
- The global economic climate and policy changes may influence trade dynamics in the future.
