The forecasted import of tufted carpets of wool or fine animal hair to Japan is set to decline steadily. In 2024, the import value is projected to be 205.51 thousand kilograms, down from the 2023 figure, followed by a continued decrease until 2028, reaching 184.11 thousand kilograms. The year-on-year percentage change indicates a consistent decline of approximately 2.7% annually, with a projected Compound Annual Growth Rate (CAGR) reduction of around 2.8% over the five years starting from 2023.
Future trends to watch for include:
- Market shifts in consumer preference toward alternative flooring materials.
- The impact of sustainable and eco-friendly initiatives influencing consumer behavior.
- Potential changes in trade policies or regulations affecting raw material costs and tariff structures.
