In 2023, Japan imported approximately 980 thousand kilograms of coated electrodes of base metal for electric arc-welding. The forecasts indicate a consistent year-on-year decline, with imports expected to decrease by 5.9% in 2024 to 923.23 thousand kilograms. This downward trend is projected to continue, with a further decline of around 6% each year through 2028, culminating in a total expected import volume of 710.52 thousand kilograms. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is about -6%.
Future trends to watch for include technological advancements in welding technology, shifts in manufacturing practices that could affect electrode demand, and possible policy changes impacting import tariffs or domestic production incentives in Japan.
