The forecasted import value of frozen bovine tongues to Japan shows a steady increase from 2024 to 2028. The annual growth rate is relatively stable, hovering around 0.5% year-on-year. It indicates a modest but consistent demand in the Japanese market. In 2023, the import value was noticeably lower, serving as a base for this upward trend that is expected to average a compound annual growth rate of approximately 0.5% over the next five years.
Future trends to watch for:
- Changes in Japanese consumer preferences that might impact demand.
- Shifts in trade policies or tariffs affecting import costs.
- Potential competition from alternative protein sources or domestic production.
