The forecast for Japan's import of iron ores and concentrates from 2024 to 2028 shows a gradual decline in value. The import values are projected to decrease from 10.066 billion USD in 2024 to 9.8711 billion USD in 2028. Comparisons of year-on-year variations reveal a consistent downward trend: -0.5% from 2024 to 2025, -0.49% from 2025 to 2026, -0.485% from 2026 to 2027, and -0.479% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period indicates an average annual decline of approximately -0.49%.
Future trends to watch for include fluctuations in global demand and supply of iron ore, potential changes in Japan's industrial and economic policy affecting import levels, and technological advances in recycling and alternative materials that might reduce dependency on iron ore imports.
