In the forecasted period from 2024 to 2028, Japan's import of logs of Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood shows a consistent decline. The volume in 2024 is projected at 112.01 thousand cubic meters, decreasing yearly to 107.51 thousand cubic meters in 2028. This trend represents a year-on-year average contraction rate of approximately 1%, indicating reduced demand or shifts in sourcing strategies. The forecasted import volume stands lower than the 2023 levels, emphasizing a continuous downward trajectory in the market.
Future trends to watch for include potential changes in Japan's domestic policies on wood imports, global environmental regulations impacting logging, and shifts in domestic demand for these specific types of wood. Monitoring these factors will be crucial for stakeholders to adapt to evolving market conditions efficiently.
