The forecast for the import of hot box rolled iron or non-alloy steel not in coils, of a width of 150-600 mm and a thickness of more than 4 mm, unclad to Japan shows a gradual increase from 2024 to 2028, from 154.56 thousand kilograms in 2024 to 161.2 thousand kilograms by the end of 2028. Year-on-year variation suggests a consistent growth, with noticeable incremental rises each year. The average compound annual growth rate (CAGR) indicates steady demand. As of 2023, the actual import volume stood at a slightly lower figure, marking these forecasted amounts as a positive growth trajectory.
Future trends to watch for include:
- Global supply chain fluctuations affecting production and import capacities.
- Potential changes in Japan's industrial demand and construction activities.
- Trade policy shifts that may impact import regulations or tariffs.
- Technological advancements in material performance that could alter specifications.
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