The import of unwrought non-alloy aluminium to Japan is projected to decrease from 2024 through 2028. In 2023, imports stood at approximately 1.383 billion kilograms. By 2028, an annual decrement reflects a declining trend over 2024-2028. Year-on-year, the import volume decreases by roughly 1.4% annually. The compound annual growth rate (CAGR) from 2024 to 2028 suggests a steady decline of approximately 1.4% per annum across five years.
Future trends to monitor include:
- The impact of sustainability and recycling initiatives in Japan on aluminium demand.
- Global market dynamics and geopolitical tensions affecting aluminium supply chains.
- Technological advancements in aluminium production influencing import needs.