In 2024, Japan's import of jute is forecasted at $341.53 thousand. The trend indicates a consistent decline over the following years, with imports decreasing to $260.54 thousand by 2028. This represents a year-on-year decrease starting from 6.1% between 2024 and 2025, down to 7% annually by 2028. The compound annual growth rate (CAGR) over the five-year period is negative, reflecting an average annual decrease in jute imports.
Future trends to watch:
- Shifts in global demand for sustainable materials could impact import levels.
- Potential developments in local manufacturing or alternative materials might further reduce dependency on jute imports.
- Economic factors affecting the purchasing power of businesses in Japan may also influence import dynamics.