The import of non-refractory mortars and concretes to Japan stood at 2.85 million USD in 2023. From 2024 onwards, forecasts predict a steady increase in import values, beginning with 2.9643 million USD in 2024 and reaching 3.3457 million USD by 2028. Year-on-year growth rates average around 3-4%, with a compound annual growth rate (CAGR) over the five-year period of approximately 3.05%, indicating consistent market expansion.
Future trends to watch for include:
- Advancements in construction technology potentially affecting import volumes and values.
- Market dynamics in global cement and concrete production influencing supply chain and price fluctuations.
- Japan's infrastructural projects and renovations contributing to the demand growth.