Key Market Indicators
Japan's oilseeds consumption is projected to reach approximately 1.24 million metric tons by 2028, rising from around 1.21 million metric tons in 2023. This marks a modest annual growth rate of 0.3%. Since 2019, Japan's demand for oilseeds has consistently increased by 0.3% each year. In 2023, Japan was ranked 9th globally in oilseeds consumption, with Sri Lanka slightly ahead at 1.21 million metric tons. India, Indonesia, and Brazil occupied the top three positions in this ranking. On the production front, Japan's oilseeds output is expected to decline to about 42,380 metric tons by 2028, down from 43,790 metric tons in 2023. This represents an average annual decrease of 0.5%. Historically, since 1966, Japan's oilseeds supply has been decreasing by 0.1% per year. In 2023, Japan ranked 97th globally in oilseeds production, with the Republic of the Congo surpassing it at 43,790 metric tons. Brazil, Malaysia, and the United States were the leading producers, securing the second, third, and fourth spots, respectively.
