The import volume of unbleached or bleached woven fabric of jute and other textile bast fibres to Japan exhibits a clear declining trend from 2024 to 2028. In 2023, the import volume stood at an actual high before the gradual forecasted decline begins. The year-on-year decrease from 2024 to 2025 is approximately 22.8%, then 29.0% from 2025 to 2026, and further accelerating reductions leading to 41.1% from 2027 to 2028. When observing the entire forecast period, the compound annual growth rate (CAGR) indicates a marked contraction in demand for these textile imports over the five years.
Future trends to watch for include:
- The potential replacement of jute and bast fibres with alternative materials influenced by changing cost dynamics or environmental regulations.
- Fluctuations in Japan's domestic manufacturing needs or policy changes affecting import tariffs or quotas.
- The impact of global economic conditions or disruptions on supply chain logistics and production in jute-exporting countries.