As of 2023, the import value of lumber of Okoume, Obeche, Sapelli, Sipo, Acajou, and Makore wood to Japan was around $42.4 million USD. Forecasted data indicates a consistent decrease from 2024 to 2028, evidencing a downward trend with a year-on-year decrease exceeding 1%. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) suggests an average annual decline of about 1.07%.
Future trends to watch for include potential fluctuations in global demand for luxury wood products as sustainability becomes more paramount, and potential economic shifts affecting prices. Further, Japan's domestic policy on imported wood might influence these numbers.
