The import volume of refractory cements, mortars, and concretes, excluding graphite, into Japan is forecasted to decrease from 23.283 million kilograms in 2024 to 17.192 million kilograms by 2028. This marks a consistent downward trend over the predicted period with a Year-on-Year variation showing a decline of approximately 6.7% from 2024 to 2025, and 7% to 8% yearly in subsequent years. The Compound Annual Growth Rate (CAGR) suggests an average reduction of around 7% per annum over these five years. As of 2023, a precise baseline volume value is not given, but the trajectory implies a cautious market outlook.

Future trends to watch for:

Impact of technological advancements in construction materials, potentially decreasing reliance on traditional refractory products.
Shifts in Japan’s industrial production which may alter demand dynamics.
Global and domestic policy changes influencing import regulations and costs.