The forecast for Japan's cotton imports shows a significant declining trend from 2024 to 2028. In 2023, the import volume stood at 170.0 thousand units (480 lb. bales). Compared to 2024, there is a noticeable drop of 12.4%, followed by successive annual declines of 14.1% in 2025, 16.4% in 2026, 19.6% in 2027, and 23.3% in 2028. The compounded annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately -18.4%, indicating a consistent reduction in cotton imports.
Future trends to watch for:
• The impact of changing global trade policies and tariffs on cotton import volumes.
• Japan's potential shift to alternative textile materials and increased domestic production.
• Developments in global cotton prices and their influence on Japan's import decisions.
• Technological advancements in the textile industry that may alter the demand for imported cotton.
• Environmental policies and sustainability efforts that could affect cotton import volumes.