The production of wood-based panels in Japan is forecasted to exhibit a slight but consistent decline from 4.881 million cubic meters in 2024 to 4.8481 million cubic meters by 2028. Comparing this to the production volume in 2023, which stood at 4.8893 million cubic meters, there is a year-on-year decrease of approximately -0.17% in 2024. The subsequent decreases are -0.17% in 2025, -0.17% in 2026, -0.17% in 2027, and -0.17% in 2028. Calculating the CAGR over these five years, we observe an annual average decline of -0.18%.
Future trends to watch for include potential shifts in domestic wood supply and global market demand, technological advancements in panel production, and regulatory changes aimed at environmental sustainability which may influence production practices and market dynamics.
