In 2023, the value added of textiles, wearing apparel, and leather products in Japan was approximately 1.35 trillion Japanese Yens. Over the forecast period from 2024 to 2028, this value is expected to decrease steadily. Specifically, from 2024 to 2025, a decline of approximately 3.32% is expected. The downward trend continues, reflecting decreases of around 3.35% from 2025 to 2026, 3.41% from 2026 to 2027, and 3.46% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is projected to be negative, indicating a consistent annual decline.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and innovative textile solutions. Additionally, global trade dynamics and technological advancements in textile manufacturing could influence the market trajectory.
