The import of Logs of Oak (Quercus Spp) to Japan is projected to decrease steadily from 2024 to 2028. Starting at $6.94 million in 2024, the forecast shows a consistent downward trend, dropping to $3.05 million by 2028. This reflects a compound annual growth rate (CAGR) of approximately -17.5% across the five-year period. These declining figures suggest a significant reduction compared to 2023, when the value stood higher as the base year.
Future trends to watch for:
- Potential shifts in Japan's wood demand due to environmental policies and sustainability initiatives.
- Changing domestic and international economic conditions that could impact import levels.
- Technological advancements in alternative materials that might influence the oak log market.