Forecast: Import of Yarn of Combed Wool to Japan

The import of yarn of combed wool to Japan stood at 78.079 million USD in 2023. Based on the provided data, from 2024 to 2028, a consistent decline is predicted in the import value: 75.105 million USD in 2024, decreasing annually to reach 63.637 million USD by 2028. The year-on-year variations are expected to be around -3.94% for the immediate years 2024 and 2025, and a consistent decline onwards.

For the longer period, the compound annual growth rate (CAGR) from 2024 to 2028 is -3.15%, indicating an average annual decrease in import value.

Future trends to watch for include:

  • The potential impact of shifts in domestic demand for wool products.
  • Technological advancements in textile manufacturing that could influence import needs.
  • Trade policies and agreements that could affect wool imports and pricing.
  • Global wool market fluctuations and their impact on Japan's import choices.

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