The forecast for Japan's import of plywood with 1 or 2 outer ply tropical hardwood shows a diminishing trend from 2024 to 2028, with figures dropping from 629.71 million kilograms to 557.75 million kilograms. In 2023, these imports stood slightly higher, indicating a continuous decline. The year-on-year percentage variation reveals a consistent decrease, reflecting a contraction in demand or shifts in supply chain dynamics over the recent years. The CAGR over the next five years underlines a negative growth trajectory.
Future trends to watch for:
- Shifts in global timber policies impacting supply chains.
- Increasing preferences for sustainable or alternative materials.
- Fluctuations in construction and manufacturing industries affecting demand.
