In 2023, the import value of not knitted or crocheted men's and boys' overcoats, capes, or cloaks of cotton to Japan stood at $34.8 million. The forecast for 2024 indicates a slight decline to $34.629 million, continuing to drop steadily to $31.934 million by 2028. This represents a year-on-year decrease of approximately 2% on average from 2024 onwards. Over the five-year period to 2028, this reflects a compound annual growth rate (CAGR) of about -1.5%.
Future trends to watch for include:
- The impact of evolving fashion trends and consumer preferences on import demand.
- Potential trade agreements or tariffs impacting the cost of imports from major trading partners.
- Environmental and sustainability considerations influencing cotton garment imports.