As of 2023, the value added of crop and animal production, hunting, and related service activities in Japan stood at approximately 4.73 trillion Japanese Yen. The forecasted data from 2024 to 2028 indicates a gradual decline, with the value decreasing from 4.7075 trillion in 2024 to 4.6215 trillion by 2028. This reflects a contraction in the sector over the years, potentially highlighting a sectoral adjustment or other underlying economic factors affecting agricultural productivity and services.
Key variations observed during this period include:
- -0.47% from 2024 to 2025
- -0.46% from 2025 to 2026
- -0.46% from 2026 to 2027
- -0.45% from 2027 to 2028
The compound annual growth rate (CAGR) over five years is approximately -0.47%, indicating a steady annual decline in the sector's value addition.
Future trends to watch for include changing consumer preferences towards sustainable and local food productions, technological advancements like smart farming, government agricultural policies, and global market dynamics that could influence Japan’s agricultural sector revenues.
