The import value of woven fabrics of carded wool or fine animal hair exceeding 300 g/m² to Japan is projected to decline from 2024 to 2028. Starting at 8.4122 million USD in 2024, it decreases year-on-year by approximately 3% on average, reaching 7.4628 million USD by 2028. Compared to 2023, where the value was slightly above 8.5 million USD, the forecast indicates a consistent downward trend over the next five years, with a Compound Annual Growth Rate (CAGR) reflecting a declining market.
Future trends to watch for include:
- Potential impacts of global economic shifts on textile imports.
- Changes in fashion demands and sustainability trends influencing wool fabric demand.
- Trade policy adjustments between Japan and fabric-exporting countries.