In 2023, Japan's sawnwood import volume was recorded at 4.8280 million cubic meters. From 2024 onward, a steady decline in imports is forecasted: 4.7672 million cubic meters in 2024, 4.7087 in 2025, 4.6508 in 2026, 4.5935 in 2027, and 4.5368 in 2028. Year-on-year, the import volume is expected to decrease by approximately 1.24% on average. Comparing the 2024 forecast to 2023 figures shows a slight decrease of 1.26%. From 2024 to 2028, the compound annual growth rate (CAGR) is calculated to be around -1.24%, indicating a consistent downward trend.
Future trends to watch for:
- Economic factors affecting domestic construction and housing markets.
- Environmental policies and sustainability concerns impacting forestry management and resource availability.
- Shifts in global trade dynamics and tariff policies influencing import costs and supplier relationships.
- Technological advancements in alternative building materials reducing dependency on sawnwood.