In 2023, the import of knitted or crocheted pullovers, cardigans of synthetic fibres to Japan stood at 127.3 million kilograms. The forecast for 2024 predicts a modest increase to 129.12 million kilograms. Over the next five years, a steady upward trend is anticipated, with imports reaching 136.68 million kilograms by 2028. This indicates a compound annual growth rate (CAGR) of 1.5% over the forecast period. Year-on-year growth from 2024 to 2025 is projected at approximately 1.5%, with similar growth rates expected for subsequent years.
Future trends to watch for:
- Potential shifts in consumer preferences towards natural fibres or sustainable materials, influencing import dynamics.
- Economic factors such as exchange rates and trade policies which could impact import growth.
- Technological advancements in synthetic fibre production enhancing product appeal.
- Environmental regulations affecting the synthetic fibre industry.
