The import of steel line pipes used for oil or gas pipelines to Japan, not longitudinally welded, is projected to grow steadily from 2024 through 2028. In 2023, imports stood notably lower than the forecast values, given the substantial year-on-year increases from 2024 onward, with percentages consistently in single or low double digits. The forecasted Compound Annual Growth Rate (CAGR) over the next five years underscores a positive trend.

Future trends to monitor include:

Technological advancements in pipeline manufacturing that might affect demand for specific types of pipes.
Changes in Japan's energy policy, potentially impacting import volumes.
Volatility in global steel prices which could influence import costs and volumes.