The forecast for the import of parts for spark-ignition engines, except aircraft, to Japan indicates a gradual increase from 2024 to 2028, starting at 70.872 million kilograms in 2024 and reaching 75.75 million kilograms in 2028. This represents a compound annual growth rate (CAGR) of approximately 1.7% over the forecast period. As of 2023, the actual import volume was slightly lower, indicating a positive trend moving forward. The year-on-year variations show a steady increase of around 1.8% to 1.9% annually.
Future trends to watch for include:
- The impact of technological advancements in the automotive industry, particularly in electric vehicles, which may affect demand.
- Potential changes in trade policies and tariffs that could influence import volumes.
- Economic conditions in Japan that could impact automotive production and consequently, the import of engine parts.