The forecast for non-coniferous wood fuel imports to Japan from 2024 to 2028 shows a consistent upward trend, with annual increases averaging around 2.9% year-on-year. In 2023, the actual volume stood at 3.82 thousand cubic meters, marking a steady growth trajectory. Over the 5-year period, a compound annual growth rate (CAGR) is roughly 2.9%, indicating sustained demand and import growth.
Future trends to watch for include:
- Potential policy changes on renewable energy affecting import dependencies.
- Technological advancements improving energy efficiencies which could impact demand.
- Shifts in global wood fuel supply chains and environmental regulations influencing import dynamics.