In 2023, Japan's import of tyre cord fabric of high tenacity polyester yarn stood at approximately 46.5 million kilograms. From 2024 to 2028, projections indicate a steady annual increase, with an average compound annual growth rate (CAGR) of around 2.4%. Year-on-year growth from 2024 onwards maintains a consistent trajectory, reflecting robust demand in the automotive sector and technological advancements in tyre manufacturing.
Future trends to watch for include:
- Innovation in eco-friendly and sustainable tyre materials impacting imports.
- Japan's automotive and infrastructure developments influencing demand dynamics.
- Potential trade policy changes affecting market access and pricing.
