The import of tyre cord fabric of high tenacity nylon or other polyamides yarn to Japan has shown an upward trajectory, with forecasted values steadily increasing from 2024 through 2028. At the end of 2023, the value stood at approximately USD 39 million. Year-on-year, the import value is expected to grow at around 4% to 5%, reflecting a strong and consistent demand. The Compound Annual Growth Rate (CAGR) over the next five years is anticipated to hover around 3.5%.
Future trends to watch for include:
- Technological advancements in tyre manufacturing, which may influence fabric specifications.
- Potential shifts in global supply chains that could affect import dynamics.
- Japan's strategic directions towards electric vehicles and sustainability, impacting overall tyre industry dynamics and innovations.
