As of 2023, the import of Okoume, Obeche, Sapelli, Sipo, Acajou, and Makore wood to Japan stood at an actual baseline before forecasted data begins in 2024. The forecasted increase in import volume from 2024 to 2028 is steady, with year-on-year growth rates suggesting a consistent upward trend, visible through the projected increase from 55.817 million kilograms in 2024 to 64.576 million kilograms by 2028. The compound annual growth rate (CAGR) calculation over these five years signifies a positive growth trajectory in this market.
Future trends to watch for include potential fluctuations in global lumber supply, changes in Japanese construction demand, and evolving environmental policies influencing wood import strategies. These factors may impact the forecasted growth patterns, presenting both opportunities and risks in the lumber import market.
