In 2023, Japan imported 13.97 thousand kilograms of buttons of base metal, not covered with textile. The forecast from 2024 to 2028 suggests a consistent downward trend in imports. In 2024, imports are expected to decrease by approximately 12.04% year-on-year, continuing with reductions of 15.2% in 2025, 15.8% in 2026, 18.1% in 2027, and 21.7% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is calculated to reflect an average annual decrease of 14.2%.
Future trends to watch for:
- Potential shifts in fashion trends which may influence demand for metal buttons.
- Advancements in alternative materials that could replace metal buttons.
- Changes in global trade policies impacting import costs and practices.
- Japan's domestic production capability and possible shifts towards self-reliance.
