In 2023, Japan's import of worked granite was valued at approximately $400 million. Forecast data for 2024 to 2028 projects a consistent decline, with imports decreasing from $382.28 million in 2024 to $319.08 million by 2028. This represents a year-on-year decrease of approximately 4.3% on average across these years. The compound annual growth rate (CAGR) for 2024-2028 shows an average decline of about 4% per year.
Future trends to monitor include:
- Japan's domestic construction sector demand shifts, which may influence the need for granite imports.
- Potential changes in economic policies affecting import costs or tariffs.
- Technological advancements in alternative materials that could impact granite demand.