The import of yarn of synthetic staple fibers to Japan is projected to decline gradually from $88.39 million in 2024 to $82.908 million by 2028. This represents a steady reduction in imports over the five-year forecast period. In 2023, the import value stood at approximately $89.8 million, showing a consistent downward trend into the near future.
In examining the year-on-year variations:
- 2024 to 2025: -1.6%
- 2025 to 2026: -1.6%
- 2026 to 2027: -1.6%
- 2027 to 2028: -1.6%
The compound annual growth rate (CAGR) from 2024 to 2028 suggests an average annual decline of approximately -1.6%.
Future trends to watch include potential shifts in global supply chains impacting synthetic yarn material costs, shifts in Japan's domestic textile production needs, and changing trade policies that could influence this import category.
