The import of cold-rolled stainless steel of a width of 600 mm or more and thickness of 3.0-4.75 mm to Japan in 2023 stood at a notably lower volume compared to the forecasted figures from 2024. From 2024 to 2028, a steady increase is projected, with an approximate year-on-year growth of around 3.5%. This reflects stable demand growth within the Japanese market. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 stands at roughly 3.5%, indicating consistent expansion in import volume.
Future trends to watch for include potential supply chain disruptions and changes in trade policies that may affect import volumes. Additionally, shifts in domestic demand for stainless steel in technology and construction sectors could further influence future import trends.
