In 2023, the import volume of aluminium pipe or tube fittings to Japan stood at approximately 841.0 Thousand Kilograms. The forecast for 2024 anticipates an import volume of 865.8 Thousand Kilograms, marking a year-on-year increase of around 3%. This growth trend is expected to continue with projected increments of approximately 2.9% per year, resulting in 962.48 Thousand Kilograms by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.65%.
Future trends to watch include:
- Potential changes in global trade policies that could impact import volumes and costs.
- Advancements in domestic production capabilities that might reduce reliance on imports.
- Fluctuations in demand within key sectors such as construction and automotive, which utilize aluminium components.