Forecast: Palm Oil Import in Japan

The forecasted data for palm oil imports in Japan show a steady increase from 2024 to 2028, with yearly values rising from 659 thousand metric tons in 2024 to 695 thousand metric tons in 2028. This consistent growth represents an average annual increase of approximately 1.4% over the five-year period. In 2023, palm oil imports were notably below the 2024 projection, indicating a continued upward trend.

Future trends to watch for include:

  • Japanese dietary preferences shifting towards plant-based oils, potentially increasing palm oil demand.
  • Trade policy changes impacting palm oil import tariffs and affecting overall volume.
  • Environmental and sustainability concerns potentially leading to regulation changes or shifts in supply chain strategies.

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