The import of silicon carbide to Japan is projected to slightly decrease over the forecast period from 2024 to 2028. Starting at 71.935 million kilograms in 2024, the figure is expected to drop to 70.899 million kilograms by 2028. This trend reflects a gradual decline, with a year-on-year decrease of roughly 0.38%.
The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 reveals an average yearly decline, indicating a conservative diminishing demand or shift in market dynamics.
Future trends to watch for include technological advancements in alternative materials, potential changes in global trade policies impacting imports, and shifts in the automotive and electronics sectors in Japan, which are major consumers of silicon carbide.
