In 2023, Japan's import of plywood with 1 or 2 outer ply tropical hardwood stood at $1.03 billion. The forecast shows a slight decline from $1.0289 billion in 2024 to $1.017 billion by 2028. Year-on-year variations reveal nominal declines: -0.3% (2024-2025), -0.3% (2025-2026), -0.3% (2026-2027), and -0.3% (2027-2028). These trends yield a five-year CAGR of approximately -0.29%, indicating a gradual decrease.
Future trends to watch include:
- Potential impact of sustainable sourcing policies and regulations.
- Fluctuations in tropical hardwood supply due to environmental policies.
- Emerging alternatives and materials in the construction sector.
- Global trade tensions influencing price and supply dynamics.
- Technological advancements in plywood manufacturing.
