The share of metals in Japan's total domestic material consumption is projected to grow steadily from 2024 to 2028. Starting at 8.68% in 2024, the percentage is expected to incrementally increase each year to reach 8.80% by 2028. Although the year-on-year growth is modest, indicating a stable rise in metal consumption relative to other materials, the compound annual growth rate (CAGR) over these five years remains minimal. In comparison to 2023 data, where metals held an 8.65% share, the upward trend exemplifies a gradual shift toward metal utilization, likely fueled by ongoing industrial and technological advancements.
Future trends to watch include potential fluctuations in global metal prices, technological advancements requiring specific metals, and Japan's policies on recycling and sustainability, which could impact the domestic material consumption landscape significantly. These factors could either accelerate or decelerate the share increase of metals in total consumption.
