The forecast for Japan's import of wood fuel shows a steady increase in value from 2024 to 2028. Starting at 905.91 thousand USD in 2024, the import value is projected to grow annually, reaching 1051.1 thousand USD by 2028. In 2023, the import value stood at 870 thousand USD, allowing us to calculate annual growth rates. For 2024, the year-on-year increase is approximately 4.14%. This upward trend continues, with growth projected at roughly 4.12% for 2025, 3.89% for 2026, and 3.66% for 2027. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 3.80%.
Future trends to watch for include potential shifts in global wood fuel demand, price volatility due to supply chain disruptions, and changes in Japan's energy policy towards renewable resources, which could impact import dependency and diversification in energy sources.
