The import of woven fabrics of combed wool or fine animal hair under 300 g/m2 to Japan is forecasted to show a steady decline from 2024 to 2028. In 2023, the volume stood at higher levels, but by 2024, it is expected to decrease to 1.4532 million kilograms. A year-on-year analysis indicates a gradual reduction, with an average yearly decline of approximately 1% as projected through the 5-year CAGR.
Future trends to watch:
- Impact of global economic factors, like changes in currency exchange rates and trade agreements, on import costs.
- Shifts in consumer preferences towards sustainable and alternative materials could affect demand for these fabrics.
- Technological advancements in textile production that might influence global supply chains.