The import of agricultural, horticultural, or forestry machinery to Japan is projected to steadily increase from 2024 through 2028, with values forecasted at $137.19 million in 2024 and growing to $149.64 million by 2028, evidencing a consistent year-on-year growth rate of approximately 2.3%. Given the industry's recovery and development trajectories, the compound annual growth rate (CAGR) for this period is anticipated to remain robust, building upon any prior trends noted in 2023.
Future trends to watch for include:
- Technological advancements in machinery, potentially driving higher import demands.
- Japan's agricultural reforms and sustainability initiatives influencing machinery needs.
- The impact of international trade policies affecting import conditions and tariffs.
