The import of wood-based panels to Japan is projected to increase steadily from 3.7071 million cubic meters in 2024 to 3.774 million cubic meters in 2028. This marks gradual growth with a consistent year-on-year increase. Comparing previous actual values, the volume in 2023 was slightly below 3.7071 million cubic meters. Over the coming years, the compound annual growth rate (CAGR) is expected to show minimal positive growth, suggesting a stable demand for wood-based panels in Japan’s import market.
Future trends to watch for include potential impacts of economic policies affecting trade, technological advancements in wood panel manufacturing, and shifts in sustainability measures or environmental regulations impacting the sector.
