The import of woven fabric of glass fibres to Japan is projected to increase from 156.56 million USD in 2024 to 164.98 million USD by 2028. Comparing to the previous year's actual values, in 2023 the import value stood at 154 million USD. This forecast suggests a gradually increasing trend with a year-on-year growth rate of approximately 1.39% from 2024 to 2025, remaining relatively steady with similar growth rates through 2028. The Compound Annual Growth Rate (CAGR) for the years 2024 to 2028 is approximately 1.34%.
Future trends to watch for include:
- Technological advancements in glass fibre manufacturing
- Changes in global trade policies affecting import tariffs
- Fluctuations in demand driven by industries such as automotive and construction
- Economic factors such as currency exchange rates and inflation impacting import costs