The import of iron or steel cloth, grill, fencing, and expanded metal to Japan is projected to increase steadily from $88.99 million in 2024 to $98.24 million in 2028. In the prior year, 2023, the imports stood at approximately $86.70 million. From 2024 to 2025, there's a forecasted growth of about 2.68%, followed by 2.56% from 2025 to 2026, 2.44% from 2026 to 2027, and 2.34% from 2027 to 2028. The compound annual growth rate over the five-year forecast period is approximately 2.47%.
Future trends to watch for include:
- Changes in Japan's construction and manufacturing sectors that could impact metal imports.
- Potential trade policy shifts affecting import tariffs or regulations on metal goods.
- Technological advancements in alternative materials that could substitute traditional iron or steel products.