In 2023, the import volume of lard, other pig fat, and poultry fat to Japan stood at 2.6917 million kilograms. The forecast from 2024 to 2028 shows a steady increase, with an annual year-on-year growth rate ranging between 1.41% and 1.68%. Over the last five years, this trend reflects a compound annual growth rate (CAGR) of approximately 1.39%, indicating a growing demand and consistent increase in import volumes.
Future trends to watch for include:
- Potential fluctuations in domestic animal fat production, impacting import needs.
- Changes in consumer preferences toward alternative fats, potentially altering demand dynamics.
- International trade agreements or restrictions affecting import sources and volumes.
