In 2023, Japan imported zinc ores and concentrates worth $890 million. Forecasts predict a consistent increase in import value, starting at $903.74 million in 2024 and reaching $965.06 million by 2028. A steady year-on-year growth is evident, reflecting Japan's sustained demand. From 2024 to 2028, the import value is anticipated to rise at a compound annual growth rate (CAGR) of approximately 1.67%.
Future trends to watch for include:
- Fluctuations in global zinc supply and pricing due to geopolitical and economic factors.
- Japan's industrial production levels and technological advancements affecting zinc demand.
- Sustainability trends influencing zinc recycling and substitution rates.