The olive oil import volume in Japan was steady in 2023 and is forecasted to remain stable at 60,000 metric tons for 2024 and 2025, with a slight increase to 61,000 metric tons from 2026 to 2028. This implies minimal year-on-year growth in the short term. Over the last five years, the compound annual growth rate suggests a relatively flat market for olive oil imports, indicating a mature stage in consumer demand.
Future trends to monitor include:
- Potential shifts in consumer preferences towards healthier cooking oils.
- Impact of trade policies and tariffs on import volumes.
- Sustainable and environmentally friendly sourcing influencing demand and supply.