In 2023, imports of sorted used or new rags textile material to Japan stood at an actual value and the outlook for the period beginning in 2024 shows a gradual upward trend. The forecast predicts an increase from 16.814 million USD in 2024 to 18.61 million USD by 2028. This represents a consistent annual growth as indicated by year-on-year percentage increases.
Based on this data, the compound annual growth rate (CAGR) from 2024 to 2028 indicates steady market expansion, signaling a modest yet stable demand for these imports in Japan.
Future trends to watch include the impact of sustainability initiatives and recycling policies which may drive more demand. Additionally, economic conditions and currency exchange rates could influence future import values. Monitoring these factors will be crucial for predicting market shifts beyond 2028.
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