The import of raw or retted jute and other textile bast fibres to Japan is expected to decline steadily from 2024 to 2028, decreasing from 335.58 thousand USD in 2024 to 312.37 thousand USD in 2028. This forecast depicts a consistent downward trend with an average annual contraction rate suggesting a diminishing demand or shift in market dynamics. It's important to note that actual import figures from 2023 stood higher, aligning with pre-forecast trends. Year-on-year decreases reflect minor contractions, indicating a gradual shift rather than a sharp decline.
Future trends to monitor include the global supply chain dynamics of jute and related fibres, Japan’s domestic production capabilities, potential trade policy changes, and shifts towards alternative sustainable materials or substitutes that may further influence import volumes.
