In 2023, the import of knitted or crocheted gloves, mittens or mitts of synthetic fibres to Japan valued at approximately 197.5 million US dollars. The forecast anticipates a gradual growth, reaching up to 216.07 million US dollars by 2028. This represents a steady year-on-year increase, with variations around 2% to 3% annually. The compound annual growth rate (CAGR) over the five-year period is estimated at approximately 2.83%.
Future trends to watch include:
- Impact of global supply chain dynamics and raw material prices on import costs.
- Shifts in consumer preferences towards sustainable and eco-friendly materials.
- Technological advancements in synthetic fiber production affecting quality and cost.
- Potential changes in trade policies and international relations affecting import tariffs.