The forecast for the import of tyre cord fabric of high tenacity viscose rayon yarn to Japan shows a steady increase from 2024 to 2028, starting at 1.7452 million kilograms in 2024 and reaching 1.8308 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of approximately 1.2% over the five-year period. The year-on-year growth is modest, indicating stable demand with slight incremental increases each year.
Future trends to watch for:
- Technological advancements in alternative materials might impact demand for viscose rayon yarn.
- Environmental regulations could influence import volumes, potentially driving demand for more sustainable materials.
- Economic factors, such as currency fluctuations and trade agreements, may alter import dynamics.
- Industry shifts towards electric vehicles, affecting tyre production and materials used.