The import of silk yarn, excluding waste, to Japan is projected to decline from $37.641 million in 2024 to $33.915 million in 2028. This downward trend suggests a reduction in demand or shifts in supply conditions. In 2023, the value stood higher, implying a consistent decline into the future. Over the next five years, the average annual decrease (CAGR) is expected as forecasted.
Future trends to watch for include:
- Potential shifts in global silk production affecting supply.
- Changes in consumer preferences or demand for silk products in Japan.
- Economic factors impacting Japan's import capabilities and decisions.
