The import of pure aluminium rectangular plate, sheet, and strip to Japan is forecasted to increase steadily from 2024 to 2028. The year-on-year growth rates are projected as follows: 4.43% from 2024 to 2025, 4.18% from 2025 to 2026, 3.91% from 2026 to 2027, and 3.7% from 2027 to 2028. The compound annual growth rate (CAGR) for the period 2024-2028 is approximately 3.98%. No actual data is available for 2023 to specify its standing, but the forecast suggests a consistent upward trajectory.
Future trends to watch for:
- Monitor the global aluminium market for price fluctuations that could impact import costs.
- Observe developments in Japan’s industrial and construction sectors, which heavily influence demand.
- Keep an eye on trade policies and environmental regulations impacting aluminium sourcing.