The import of electric conductors for a voltage over 1000 volts into Japan stood at 9.1 million kilograms in 2023. In the forecast period from 2024 to 2028, the imports are anticipated to grow steadily. The year-on-year growth from 2024 through 2028 indicates consistent increases, with values rising from 9.5023 million kilograms in 2024 to 11.029 million kilograms in 2028. This suggests an overall CAGR of approximately 3.8%.
Looking ahead, key trends to monitor include technological advancements in high-voltage conductor manufacturing, shifts in energy policy affecting domestic production versus import needs, and any potential supply chain disruptions impacting import volumes. The emphasis on renewable energy expansion might further elevate the demand for advanced electrical infrastructure.
