The import of not knitted or crocheted women's and girls' skirts of wool or fine animal hair to Japan is predicted to decline steadily from 2024 to 2028. The forecasted values show a reduction from 24.575 million USD in 2024 to 19.462 million USD by 2028. This suggests a continuous decrease, with an average percentage decrease of approximately 5.6% annually, identifying a slow but consistent decline trend. The forecast indicates substantial changes in demand, possibly influenced by changes in fashion trends, customer preferences, or market dynamics. This gives a Compound Annual Growth Rate (CAGR) of approximately -5% from 2024 to 2028.
Future trends to monitor include:
- Changes in consumer preferences towards alternative fabrics or styles.
- Potential economic factors impacting consumer spending and import levels.
- Industry innovations or shifts in the global supply chain impacting production costs and availability.
- Tariff and trade policy changes affecting the competitiveness of imports into Japan.