In 2023, the import of veneer or ply sheet of coniferous wood to Japan was valued at approximately 127.65 million US dollars. From 2024 onwards, forecasts indicate a steady increase in imports. The year-on-year growth rates are consistent, showing modest increments with a compound annual growth rate (CAGR) of approximately 3.2% over the five-year forecast period. This suggests a stable upward trend in import values, reflecting potential increased demand or market adjustments.
Future trends to watch for include:
- Changes in construction and housing markets, which might impact softwood demand.
- Potential trade policy adjustments that could influence import volumes and pricing.
- Environmental and sustainability considerations affecting sourcing and supply chain dynamics.
