The forecast for cotton imports to Japan from 2024 to 2028 shows a consistent decline in value. In 2024, the import value is projected at 415.11 million USD, decreasing to 307.03 million USD by 2028. The data indicates a negative year-on-year growth trend. Between 2024 and 2025, imports are expected to drop by 6.71%, followed by further declines of 7.04%, 7.42%, and 7.86% in subsequent years. The compound annual growth rate (CAGR) over the five years is anticipated to be -7.23%. In 2023, cotton imports to Japan stood at approximately 443 million USD.
Future trends to watch for:
- Possible shifts in global cotton production due to climate change.
- Changes in Japan's textile industry and consumer demand.
- Trade policies and tariffs affecting the cost of importing cotton.
- Technological advancements in synthetic fibers potentially reducing cotton demand.