Forecast: Rapeseed Oil and Mustard Oil Demand in Japan

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.

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