The import of electrical relays for a voltage of less than 60 volts to Japan is forecasted to grow steadily from 2024 to 2028. The volume is expected to increase from 3.6414 million kilograms in 2024 to 3.7427 million kilograms in 2028. Compared to 2023, which saw an actual import value of approximately 3.615 million kilograms, this marks a continued but modest upward trajectory.
Year-on-year percentage growth remains modest, reflecting stable demand:
- 2024 to 2025: +0.72%
- 2025 to 2026: +0.70%
- 2026 to 2027: +0.68%
- 2027 to 2028: +0.66%
The Compound Annual Growth Rate (CAGR) over five years is expected to maintain a level consistent with these figures, underscoring steady demand.
Future trends to watch for include technological advancements in relay technology and shifts in Japan's electronics manufacturing sector, which could impact the import demand for electrical relays.
