In 2023, Japan's import of glass fibres and glass wool stood at 559.45 million USD. Forecast for imports shows a steady increase from 2024 to 2028, with values ranging from 574.85 million USD in 2024 to 637.31 million USD in 2028. This reflects a consistent year-on-year growth. Specifically, the annual growth rate for 2024 is 2.75%, 2025 is 2.80%, 2026 is 2.67%, 2027 is 2.54%, and 2028 is 2.42%. Over the five-year forecasting period, the Compound Annual Growth Rate (CAGR) stands at approximately 2.63%.
Future trends to watch for include potential influences of technological advancements, increased demand from the renewable energy sector, and possible shifts in global trade policies affecting material costs and supply chain dynamics.
