Forecast: Import of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness Less Than 3 mm and Minimum Yield Point Not Exceeding 275 Mpa to Japan

In 2023, Japan imported hot-rolled iron or non-alloy steel in coils amounting to 758.84 million kilograms.

The forecast data from 2024 to 2028 depicts a downward trend with a consistent year-on-year decline in imports. The projected import values are expected to shrink from 751.09 million kilograms in 2024 to 721.01 million kilograms by 2028. The year-on-year percentage decreases are as follows: 1.03% from 2024 to 2025, 1.02% from 2025 to 2026, 1.01% from 2026 to 2027, and 0.99% from 2027 to 2028.

The Compound Annual Growth Rate (CAGR) over the five-year forecast period signifies a steady annual contraction of 0.81%.

• Monitor changes in demand driven by Japan's manufacturing and automotive sectors.
• Watch for potential impacts of trade negotiations and geopolitical shifts on import levels.
• Consider technological advancements and sustainability policies affecting use and production.