The import of tyre cord fabric of high tenacity manmade yarn to Japan is expected to see a steady increase from 2024 to 2028, with values rising from $190.06 million to $210.14 million. This represents a compounded annual growth rate (CAGR) of approximately 2.55% over the five-year forecast period. The year-on-year growth from 2024 to 2025 is 2.72%, closely followed by consistent annual growth rates, reflecting a stable upward trend.
Future trends to watch for:
- Potential shifts in the global automotive market impacting tyre manufacturing demand.
- Technological advancements in materials that may offer alternatives to high tenacity manmade yarn.
- Trade policies and environmental regulations that could influence import dynamics.