In 2023, the actual value added of agriculture, hunting, and forestry in Japan stood at X trillion Japanese Yens, where X needs to be inserted based on previous data. The forecasted figures from 2024 to 2028 reveal a gradual decline, with the value being 4.9719 trillion Yens in 2024 and decreasing steadily each subsequent year, reaching 4.8986 trillion Yens by 2028. Observing the year-on-year changes, there is a consistent decrease, indicating a negative growth trend.
The five-year Compound Annual Growth Rate (CAGR) from 2024 to 2028 shows a slow contraction in the sector, perhaps due to structural challenges such as aging workforce, shrinking farmland, or technological lag.
Future trends to watch for include:
- Technological advancements in agriculture and potential impacts.
- Government policies to support and rejuvenate the sector.
- Demand trends for sustainable and eco-friendly produce.
- Impact of climate change on agricultural productivity.
