The import of pile knit or crochet fabric of manmade fibres to Japan shows a declining trend over the forecasted period from 2024 to 2028. In 2023, the import value stood at 5.1 million USD. The projected values indicate a continuous annual decrease:
- 2024: 4.5851 million USD (-10% YoY)
- 2025: 4.1104 million USD (-10.3% YoY)
- 2026: 3.6451 million USD (-11.3% YoY)
- 2027: 3.1891 million USD (-12.5% YoY)
- 2028: 2.7423 million USD (-14% YoY)
The compound annual growth rate (CAGR) from 2024 to 2028 is projected to decline significantly. The persistent decrease reflects a shift in demand dynamics, possibly impacted by changes in local consumer preferences or increased local production.
Future trends to watch for include shifts in Japan’s textile industry policies, sustainability and recycling innovations, and any global trade agreements impacting fabric imports. Monitoring technological advancements in the textile industry and changes in consumer preferences towards sustainable materials will be crucial.
