The import of live horses, excluding pure-bred breeding, to Japan shows a slight downward trend from 2024 to 2028. In 2023, the import value was slightly higher, indicating the start of this decline. Year-on-year variation suggests a small annual decrease, with a forecasted CAGR reflecting a continued average decline over the next five years.
Future trends to watch for in this market include:
- Shifts in demand for equestrian sports or horse racing.
- Changes in Japan's economic conditions affecting luxury imports.
- Potential policies impacting animal imports or equestrian industry regulations.
- Technological advancements in transportation affecting live animal imports.
