As of 2023, Japan's import of rare-earth metals, scandium, and yttrium stood at approximately 9.7 million kilograms. The forecast for 2024 indicates a rise to 9.9354 million kilograms, marking a consistent year-on-year growth through 2028, reaching 10.908 million kilograms. Between 2024 and 2025, the increase is 2.5%, slightly diminishing annually to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be around 2.4%, reflecting a stable upward trend.

Future trends to watch:

Ongoing technological advancements and demand in electronics and renewable energy sectors may heighten import volumes.
Geopolitical dynamics, including trade agreements and tensions, could influence resource accessibility and costs.
Japan's strategic initiatives for supply diversification and recycling might impact the volume of imports.