The forecast for Japan's domestic industrial consumption of rapeseed oil from 2024 to 2028 indicates a gradual decline from 49.0 thousand metric tons in 2024 to 47.0 thousand metric tons in 2028. In 2023, the consumption was 50.0 thousand metric tons. This highlights a year-on-year decrease as the consumption drops slightly each year, with an expected overall Compound Annual Growth Rate (CAGR) decline of about 1% over these five years.
Future trends to watch for include potential shifts in industrial demand due to technological advancements or policy changes promoting alternative oils, which could further impact the industry's reliance on rapeseed oil. Monitoring trade patterns and environmental regulations will be crucial."
