Key Market Indicators
The import of Japanese clothing accessories is projected to plummet to approximately $714,000 by 2028, a sharp decline from around $2.9 million in 2023. This represents an average annual decrease of 22%. Since 1993, the demand for these imports in Japan has been dropping at an average rate of 9.7% per year. In terms of exports, Japan's figures for clothing accessories stood at roughly $14,000 in 2023, down from nearly $19,000 in 2022. This marks a significant year-on-year decrease of 25%. Over the longer term, since 1993, the supply of these exports from Japan has diminished by an average of 31.3% annually. In 2023, Japan ranked 38th globally in clothing accessories exports, with Latvia surpassing it by matching the $14,000 mark. Leading the rankings were the Netherlands, Malaysia, and Italy in the second, third, and fourth positions, respectively.
