The import value of boards of vegetable fibre with mineral binder or cement to Japan was estimated at 2.7 million USD in 2023. Forecasts indicate a steady increase in these imports over the next five years, with values projected to rise from 2.8 million USD in 2024 to 3.2 million USD in 2028. The year-on-year growth rate averages around 3%, showing moderate but consistent growth. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at approximately 3.1%.
Future trends to watch include:
- Environmental regulations influencing the demand for sustainable materials.
- Technological advancements in construction materials boosting market growth.
- Economic conditions affecting import levels and construction industry demand.
