The forecast for Japan's butter import from 2024 to 2028 indicates a consistent upward trend, with annual values increasing yearly from $155.59 million to $185.28 million. With 2023 as the baseline, and assuming consistent growth, the imports are set to increase by approximately 4-5% year-on-year. Unfortunately, there are no specific 2023 data provided, restricting a precise percentage analysis.
Trends to watch for include:
- Potential changes in consumer preferences towards or away from butter.
- Japan's domestic dairy production adjustments that could affect import levels.
- Economic factors such as exchange rates and trade policies affecting butter imports.
- Global production changes in butter-exporting countries that could influence supply and pricing.