The import of piezo-electric quartz to Japan is forecasted to steadily increase from 2024 through 2028, with expected growth in value from 19.283 to 21.453 million kilograms. Given that the figures for 2023 are not provided, we start our analysis from 2024 with year-on-year growth averaging about 2.5%, indicating a moderate upward trend in imports. The compound annual growth rate (CAGR) over this five-year period stands at approximately 2.7%.
Future trends to watch for:
- Technological advancements in piezoelectric applications that could drive further growth.
- Supply chain stability post-pandemic and geopolitical factors impacting import volumes.
- Environmental sustainability and demand shifts potentially influencing market dynamics.