The import of tanned or dressed furskins to Japan is projected to decline significantly from 2024 to 2028. In 2023, the import stood at an appreciable level, but the forecast data suggest a steady annual decrease. Year-on-year, the imports are expected to drop by approximately 24% from 2024 to 2025, followed by a decrease of around 31% from 2025 to 2026. A further decline of roughly 44% is anticipated for 2026 to 2027, culminating in a dramatic decrease of 76% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period indicates a considerable downward trend.
Future trends to watch for include:
- Potential shifts in Japan's consumer preference towards alternative materials, impacting furskin demand.
- Global market influences, such as ethical considerations and regulatory changes, affecting the furskin industry.
- Exchange rate fluctuations and their impact on international trade costs for Japan.
