In 2023, Japan's import of articles of plaster, other than plasterboard, was valued at approximately 888.18 thousand USD. The data forecasts a steady decline from 2024 onwards, revealing a predicted 8.1% year-on-year decrease from 2023 to 2024. The downward trend is projected to continue with the following year-on-year changes: 2025 expected at -8.1%, 2026 at -8.5%, 2027 at -9.3%, and 2028 at -10.0%. The compound annual growth rate (CAGR) for the forecast period of 2024-2028 is -8.8%, indicating a consistent decline in import value over these five years.
Future trends to watch for include:
- The impact of domestic production capacity improvements which may further reduce import reliance.
- Changes in construction and infrastructure development policies that might affect demand for imported plaster articles.
- Emergence of alternative materials reducing the need for traditional plaster products.