From 2024 to 2028, there is a projected steady decline in the import value of handmade rugs to Japan, from 1.0202 million USD to 0.69031 million USD. The year-on-year variations show a decrease of 8.34% between 2024 and 2025, 8.88% from 2025 to 2026, 9.58% from 2026 to 2027, and 10.39% from 2027 to 2028. The 5-year CAGR indicates a notable average annual decline of approximately 9.12%.
Future trends to watch for:
- Economic shifts in Japan that could impact luxury spending.
- Consumer preferences moving towards sustainable and artisanal products.
- Potential trade policy changes affecting import dynamics.
