The forecasted import value of coir yarn to Japan shows a gradual increase from $977.84K in 2024 to $987.3K by 2028. If we consider the steady rise reflected in the data, the import of coir yarn is expected to exhibit a modest year-over-year growth rate. Previous data is unavailable for 2023, but the compounded annual growth rate (CAGR) over this five-year period is positive, suggesting stable demand.
Future trends to watch include:
- Potential impact of eco-friendly product demand, influencing coir yarn imports.
- Influence of global economic conditions and trade agreements on import activities.
- Technological advancements in production affecting coir yarn availability and price.