Malaysia's wood products exports to Japan are forecasted to decline steadily over the next five years. Starting from a value of USD 639.64 million in 2024, the exports are expected to decrease to USD 558.77 million by 2028. Compared to the 2023 value, the year-on-year percentage variations illustrate a consistent downward trend. The average annual variation over the last two years shows a significant decline, with the last CAGR indicating an average yearly decline of 3.35% over the five-year forecast period (2024-2028).
Future trends to watch for include potential market shifts due to changes in Japanese demand for wood products, potential trade tariffs and regulations, as well as sustainability initiatives affecting both supply and demand. Monitoring these trends will be essential for anticipating future export performance.
