The import of sheet or tile, asbestos, and cellulose fibre cement not corrugated to Japan is forecast to decline progressively from 2024 to 2028, starting at 4.6131 million USD and decreasing to 4.3034 million USD. Compared to 2023, the market experienced an initial gradual decline, followed by a consistent downward trend in the five-year forecast.
The year-on-year variation indicates a steady decrease of approximately 1.75% on average per year. Over five years, this reflects a compounded annual growth rate (CAGR) that indicates a period of contraction in market size. An assessment of the market prior to 2023 should be considered to evaluate historical peaks or trends.
Future trends to watch for include changes in regulatory policies regarding asbestos, which may impact imports. Additionally, innovations in alternative materials and cellulose fibre products might affect market demand. Monitoring economic factors such as exchange rates, tariffs, and construction industry health in Japan will be crucial.
