Forecast: Import of Machinery for Sugar Refining and Manufacture to Japan

In 2023, the import of machinery for sugar refining and manufacture to Japan stood at approximately 212,000 USD. The forecast from 2024 to 2028 shows a consistent decline in imports, dropping from 196.93 thousand USD in 2024 to 138.8 thousand USD in 2028. This represents a year-on-year decline of approximately 7.6% from 2024 to 2025, 8.1% from 2025 to 2026, 8.6% from 2026 to 2027, and 9.2% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is approximately -8.1%.

Future trends to watch include:

  • Technological advancements in domestic manufacturing that may reduce reliance on imported machinery.
  • Potential changes in sugar consumption and production policies in Japan.
  • Economic factors that could influence the import cost and demand.

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