The forecast for Japan's import of yarn of coarse animal hair or horsehair indicates a consistent upward trend from 2024 to 2028. Starting at $340.12 thousand in 2024, the value steadily increases to $368.88 thousand by 2028. Assuming a constant pattern from a previous plateau in 2023, this trajectory reveals a moderate growth rate. Annual variations highlight an average increase of about 2% year-on-year, emphasizing a stable market growth. The compound annual growth rate (CAGR) over this period is approximately 2.03%, underscoring a consistent upward momentum in Japan's import sector for this niche product.
Future trends to watch for include:
- Potential shifts in global production dynamics affecting supply and pricing.
- Changing consumer preferences towards other fibers impacting demand.
- Trade policy adjustments or tariffs that could influence import costs.
- Technological advancements in textile manufacturing that may alter raw material requirements.