The forecast for Japan's import of crude or roughly trimmed marble and travertine indicates a notable downward trend from 2024 to 2028. In 2023, the volume was higher than the projected 2024 figures, marking a continuous decline over the forecasted period. Each subsequent year sees a further decrease, with the annual growth rate declining. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 reflects an average decrease each year.
Future Trend Watch:
- Potential shifts in Japan's construction industry and material preferences.
- Impact of global trade policies and tariffs on stone imports.
- Technological advancements in synthetic alternatives might influence demand.
