In 2023, sunflower seed oil stocks in Japan stood at a baseline level. Forecasts from 2024 to 2028 predict steady growth, indicating a rising trend in stock levels from 6.3 thousand metric tons to 7.11 thousand metric tons by 2028. This represents a year-on-year growth between approximately 3% to 3.12%. Over the five-year period, the compound annual growth rate (CAGR) is projected to be around 3.05%, suggesting consistent increases in stock levels year-over-year.
Future trends to watch for:
- Possible shifts in consumer preferences impacting demand for alternative oils.
- International trade dynamics affecting sunflower seed oil import policies in Japan.
- Climate change effects on global sunflower crop yields.