The forecast for Japan's import of meals, flour, and pellets of seafood for animal feed suggests a consistent decline from 2024 to 2028. Notably, the import volume in 2023 stood at 157.20 million kilograms. Moving forward, the forecast indicates a steady yearly decrease, with the import volume in 2028 expected to fall to 120.26 million kilograms, marking an overall reduction in import demand. This trend of declining imports reflects a year-on-year percentage decrease consistent across the given years. The compound annual growth rate (CAGR) over this five-year period highlights an average annual decline in import volumes.
Future trends to watch for include the potential impact of domestic production changes and shifts in the global seafood market, which may influence Japan's import volumes. Additionally, any regulatory changes affecting animal feed quality standards could alter future import patterns.
