In 2023, Japan imported knitted or crocheted pile fabric valued at an actual amount. From 2024 onwards, forecasts indicate a decreasing trend in imports, starting at $10.599 million in 2024 and declining annually to $8.5964 million by 2028. This represents a gradual reduction of approximately 4.5% year-on-year. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at -4.1%, indicating a consistent downward trajectory in import values.
Future trends to watch for include:
- Potential shifts in global fashion trends affecting the demand for pile fabrics.
- Changes in trade policies or tariffs that could impact import volumes.
- Technological advancements in fabric production that may influence domestic versus imported supply dynamics.