In 2023, Japan's import of wood and articles of wood, including wood charcoal, was valued at 10.563 billion USD. The forecasted data for 2024 to 2028 indicates a gradual decline in import value, reaching 10.421 billion USD by 2028. This represents a steady negative trend, with year-on-year percentage decreases suggesting a stable but minor decline. The compound annual growth rate (CAGR) over the 2024-2028 forecast period illustrates a modest average reduction per year.
Future trends to watch for include:
- Japan's evolving regulatory environment around sustainable sourcing, which may impact import patterns.
- Technological advancements in domestic wood production potentially reducing dependency on imports.
- Global economic shifts and trade policies that may alter wood pricing and availability.