The forecast for the import of garnetted stock of cotton to Japan indicates a steady decline from 2024 to 2028, with a forecasted decrease of approximately 13% over this period. In 2023, the actual import volume stood higher than 191.67 thousand kilograms. The year-on-year comparison shows a gradual decrease from 2024 onwards, reflecting a declining trend in imports. Compound Annual Growth Rate (CAGR) over these five years also points to a downward trajectory.
Future trends to watch for:
- Potential shifts in Japan's domestic textile manufacturing industry affecting demand.
- Trade policy changes impacting import regulations or tariffs on cotton products.
- Innovation in alternative materials which might substitute garnetted stock of cotton.