In 2023, the export value of refrigerating or freezing furniture from Japan stood at 8.1606 million USD. The forecast for 2024 projects a slight decrease to 7.6226 million USD, indicating a year-on-year decline of approximately 6.6%. This decreasing trend continues through 2028, with the export value dropping to 5.7432 million USD, representing a consistent year-on-year decline of around 7-8% annually. Over the next five years, the compound annual growth rate (CAGR) is estimated to be -6.2%, signifying a continuous downtrend in export values.
Future trends to watch for:
- Fluctuations in global demand, particularly in emerging markets, might influence these projections.
- Technological advancements and innovation in refrigerating/freezing solutions could potentially revitalize export values.
- Trade policies and international regulations could also impact export volumes and values significantly.
