As of 2023, the actual demand for rapeseed and mustard oil in Japan was estimated at 1.02 million metric tons. Forecasts suggest a stable demand from 2024 to 2028, with values averaging around 1.03 million metric tons in the early years and slightly decreasing to 1.02 million metric tons by 2027-2028. The year-on-year variation indicates a stable trend with a minor anticipated decline towards the end of the period. The overall compound annual growth rate (CAGR) over the 5-year forecast period is nearly flat, suggesting negligible growth.
Future trends to watch for include:
- Changes in consumer health preferences, potentially impacting demand for vegetable oils.
- Supply chain fluctuations, particularly in response to global agricultural practices.
- Economic factors and policy changes in Japan affecting import and production of oils.