The forecast for household expenditure on school textbooks and reference books in Japan shows a progressive decline from 1.13 thousand Japanese Yens in 2024 to 0.894 thousand Japanese Yens by 2028. The data reveals a steady year-on-year decrease: 2024-2025 by 5.3%, 2025-2026 by 5.6%, 2026-2027 by 5.9%, and 2027-2028 by 5.9%. The five-year compound annual growth rate (CAGR) indicates an average annual contraction of -5.6%. In 2023, the expenditure stood at approximately 1.19 thousand Japanese Yens, marking the starting point of this declining trend.
Future trends to watch for include:
- The impact of digital transformation and e-learning materials possibly reducing demand for traditional textbooks.
- Potential demographic shifts and their effect on student population and educational expenditures.
- Educational policy changes that could alter spending patterns on study materials.