The forecast for Japan's import of logs of Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood shows a decreasing trend from 2024 to 2028. The value of imports is projected to decline from 34.208 million USD in 2024 to 31.2 million USD by 2028. This indicates a steady yearly decrease in import value.
Year-on-year, the import value decreases, reflecting a deceleration in demand or shifts towards alternate sources or materials. With compounded annual growth rate (CAGR) illustrating the trend, a consistent downward trajectory is evident over this period.
Future trends to watch for include potential policy shifts in Japan regarding sustainable sourcing, changes in building material preferences, or global economic conditions impacting trade activities. Additionally, technological advances in processing or material alternatives could influence these import patterns.
