Japan's forecasted domestic cotton consumption shows a notable downward trend from 2024 to 2028. Starting at 158.0 thousand units in 2024, the consumption forecast predicts a continuous decline to 74.0 thousand units by 2028. This pattern reveals a sharp year-on-year decrease across the period: -13.9% from 2024 to 2025, -15.4% from 2025 to 2026, -18.3% from 2026 to 2027, and -21.3% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is -17.6%, indicating a substantial average annual decrease.
Future trends to watch for:
- Sustainability concerns driving a shift towards alternative fibers.
- Technological innovations reducing the cotton requirement.
- Economic factors and changes in consumer preferences impacting demand.
