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.