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.