As of 2023, Japan's import of crushed or ground pepper of the genus Piper stood at a certain baseline value, leading to the upcoming forecast for 2024 to 2028. The data indicates a consistent decline in import value over the forecast period, from $19.926 million in 2024 to $17.611 million in 2028. This represents a year-over-year decrease with a Compound Annual Growth Rate (CAGR) reflecting the overall negative trend in the market.
Key trends to watch for include:
- Potential changes in consumer preferences, possibly shifting towards local or alternative spices.
- Fluctuations in global pepper prices affecting import volumes and values.
- Government trade policies or tariffs impacting the cost and volume of imports.