The centrifugal sugar production in Japan is forecasted to remain stable from 2024 to 2028, at 811 thousand metric tons annually. In comparison, the production stood at 811 thousand metric tons in 2023, indicating no year-on-year percentage variation in production levels. This zero growth forecast showcases a steady market with a Compound Annual Growth Rate (CAGR) of 0% over the next five years.
Future trends to watch for include:
- Potential shifts in domestic consumption patterns that could affect production levels.
- Global market influences such as import and export regulations which might impact Japan's production strategies.
- Technological advancements in sugar production processes that could introduce efficiencies.