Forecast: Import of Dried Shelled Peas to Japan

In 2023, Japan's import of dried shelled peas stood at a value that serves as the baseline for assessing future trends. From the forecasts provided, there is a steady year-on-year growth trend: 1.7% from 2024 to 2025, 1.6% from 2025 to 2026, 1.6% from 2026 to 2027, and 1.5% from 2027 to 2028. This demonstrates a consistent, albeit slightly decreasing, annual growth rate. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.6%, indicating stable demand for dried shelled peas in Japan over the period.

Future trends to watch for include:

  • Potential shifts in domestic agricultural policies that could affect import needs.
  • Changes in consumer preferences towards plant-based products which could increase demand.
  • Global supply chain factors, including geopolitical events and climate changes, potentially impacting import volumes and prices.

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