As of 2023, Japan's imports of builders joinery and carpentry of wood stood at an actual value, and it is on a growth trajectory according to forecasted data from 2024 to 2028. The import value is expected to rise progressively from 1.842 billion USD in 2024 to 2.0221 billion USD by 2028. The year-on-year growth rate from 2024 to 2025 is approximately 2.52%, while from 2025 to 2026 it is 2.41%, from 2026 to 2027 it is 2.31%, and from 2027 to 2028 it is 2.20%. The Compound Annual Growth Rate (CAGR) over these five years is expected to be steady.
Future trends to monitor include:
- Shifts in Japan's building industry demand due to technological advancements.
- Changes in trade policies affecting import tariffs and regulations.
- Potential impacts of environmental sustainability practices on the material choice and sourcing.
- Global supply chain fluctuations and their influence on import availability and pricing.
