In 2023, Japan imported 2.378 million kilograms of wooden shuttering for concrete construction. Forecasts from 2024 to 2028 indicate a steady annual growth with values reaching 2.586 million kilograms by 2028. The year-on-year growth shows a consistent increase, hinting at a stable market demand. The compound annual growth rate (CAGR) over these five years suggests moderate but consistent growth.
Future trends to monitor include:
- Impact of technological advancements on construction practices which might affect demand.
- Shifts in Japan's construction industry driven by urban development and infrastructure projects.
- Potential substitution or competition from alternative materials.