In 2023, Japan's import value of railway or tramway sleepers made of non-impregnated wood was below the forecasted figure for 2024. From 2024 onwards, a downward trend is evident with a gradual decrease in import value year-on-year. Specifically, the year-on-year reduction from 2024 to 2025 is about 0.64%, continuing similarly in subsequent years. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects an average annual decline, indicating a steady decrease in imports.
Future Trends to Watch for:
- Monitor shifts in Japan’s domestic production capacities for railway materials.- Consider impacts of global wood supply fluctuations due to environmental policies.- Assess economic policies that may affect import tariffs or trade agreements influencing costs.
