The import of mats of glass fibers to Japan is forecasted to increase from 19.175 million kilograms in 2024 to 20.847 million kilograms in 2028. In 2023, the import volume was slightly lower than the projected 2024 figure, suggesting steady growth in this sector.
- Between 2024 and 2025, the import volume is expected to rise by approximately 2.25% year-on-year.
- From 2025 to 2026, growth continues with a 2.15% increase.
- The period from 2026 to 2027 anticipates a 2.07% rise in imports.
- Continuing this trend, a 1.98% increase is forecasted from 2027 to 2028.
- From 2024 to 2028, the compound annual growth rate (CAGR) is projected at approximately 2.12%.
Future trends to watch for include advancements in glass fiber technology, which might drive demand, and potential trade policy adjustments that could impact import dynamics. Monitoring these factors will be crucial for anticipating future market shifts.
