From 2013 to 2023, Japan's knitted or crocheted pile fabric market saw a decline in per capita value from $1.25 to $0.77, indicating a shrinking market. The year-on-year variation for 2022 was approximately -3.66%, and for 2023, it was around -2.53%. Over the past five years, the compound annual growth rate (CAGR) was -2.63%, implying a consistent decrease in market value.
Looking ahead, watch for:
- Technological advancements improving fabric quality.
- Shifts in consumer preferences towards sustainable materials.
- Economic factors influencing disposable income and discretionary spending.
| # | 19 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Sri Lanka | 4.82 | 2023 | View data | ||
| 2 | 2 Lithuania | 4.8 | 2023 | View data | ||
| 3 | 3 Colombia | 4.73 | 2023 | View data | ||
| 4 | 4 Brazil | 4.35 | 2023 | View data | ||
| 5 | 5 Romania | 3.76 | 2023 | View data | ||
| 16 | 16 Finland | 1.01 | 2023 | View data | ||
| 17 | 17 Thailand | 0.97 | 2023 | View data | ||
| 18 | 18 Japan | 0.77 | 2023 | |||
| 19 | 19 Philippines | 0.33 | 2023 | View data | ||
