The forecasted import values of iron or steel tableware and kitchenware to Japan from 2024 to 2028 show a gradual increase from USD 419.1 million in 2024 to USD 426.11 million in 2028. The year-on-year percentage variation indicates a steady growth trend over the last two years. This consistent increase yields an average annual compound growth rate (CAGR) for the next five years.
Key observations and trends:
• In 2023, the actual import value stood at USD 417.3 million.
• Year-on-year variations indicate a steady increase, projected to rise by 0.43% from 2024 to 2025 and by 0.42% from 2025 to 2026.
• Average annual CAGR over the next 5 years is approximately 0.42%.
Future trends to watch for include potential impacts of international trade policies, fluctuations in global steel prices, and shifts in consumer preferences towards alternative materials that could influence these projections.