Forecast: Import of Agglomerated Iron Ore and Concentrate to Japan

The import of agglomerated iron ore and concentrate to Japan is projected to steadily rise from 17.388 billion kilograms in 2024 to 18.879 billion kilograms in 2028. In 2023, the import volume stood at 17.000 billion kilograms, showing a year-on-year increase of 2.4% in 2024. Over the last two years, the rise in import value is attributed to continued industrial demand. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 2.09%, reflecting a consistent upward trend.

Future trends to watch for include:

  • Changes in global supply chain dynamics.
  • Japan's industrial growth policies and environmental regulations.
  • Potential shifts in trade relationships affecting iron ore supply.

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