The forecast from 2024 to 2028 shows a gradual decline in rice consumption at the farm gate in Japan, starting at 8.17 million metric tons and declining to 7.97 million metric tons by 2028. In 2023, rice consumption was slightly higher than 8.17 million metric tons, indicating a consistent downward trend. The annual year-on-year percentage changes reflect a small but steady decrease, averaging a negative CAGR over the five-year period reflecting low consumer demand or substitution with other staples.
Future trends to watch for include:
- Demographic shifts, particularly the aging population, which may reduce overall consumption of rice.
- Changes in dietary preferences and increasing health consciousness, influencing rice demand.
- Economic factors impacting consumer purchasing power and agricultural practices.