In 2024, Japan is forecasted to import potato flakes, granules, and pellets valued at $38.383 million. This marks an increase from the 2023 value of $37 million. The imports are projected to rise consistently, reaching $41.156 million by 2028, demonstrating stable growth.
Year-on-year percentage growth is expected to be around 1.86% between 2024 and 2025, slightly decreasing to 1.8% between 2027 and 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is calculated at approximately 1.77%.
Future trends to watch include:
- Potential impact of global agricultural production fluctuations on prices and import volumes.
- Japan's dietary preference shifts that may influence demand for processed potato products.
- Trade relations and agreements affecting ease of importation from major producing countries.