In 2023, Japan imported a significant amount of noils of wool or fine animal hair. The forecast data from 2024 to 2028 indicates a sharp decline in import volumes. Starting at 273,210 kilograms in 2024, imports are expected to decrease by 22.3% to 212,240 kilograms in 2025. This downward trend continues with imports projected to fall by 28.1% to 152,480 kilograms in 2026, then by 38.4% to 93,920 kilograms in 2027, and further plummeting by 61.1% to just 36,530 kilograms in 2028.
The compound annual growth rate (CAGR) over this period reflects a significant annual decrease, highlighting a consistent reduction in demand or supply constraints impacting imports.
Future trends to watch for include:
- Shifts in global wool production affecting supply chains.
- Japan's domestic textile industry developments reducing reliance on imports.
- Potential changes in consumer preferences towards alternative materials impacting demand.
- Trade policies or economic factors influencing import volumes.
