In 2023, the import of retreaded or used pneumatic tyres of rubber to Japan stood at 33.335 million US Dollars. The forecasted values from 2024 to 2028 show a gradual increase, reaching 33.584 million US Dollars by 2028. Year-on-year growth remains minimal, indicating a stable market landscape. The compound annual growth rate (CAGR) from 2023 to 2028 is expected to be marginal, reflecting modest market expansion.
Future trends to watch for include:
- An increase in demand for sustainable and environmentally friendly transportation solutions which may impact the import dynamics of used tyres.
- Evolving trade policies and tariffs which could affect import rates and costs.
- Technological advancements in tyre production and recycling that might alter the market structure.