The forecasted data for Wheat Feed in Japan from 2024 to 2028 shows a steadily increasing trend. The values progress from 802.0 Thousand Metric Tons in 2024 to 824.0 Thousand Metric Tons by 2028. This upward trajectory reflects a consistent year-on-year growth rate, with a minor but steady increase each year.
Looking back at 2023, the actual value for Wheat Feed stood at 798 Thousand Metric Tons. This indicates a year-on-year increase of 0.5% from 2023 to 2024 and continues to follow a similar growth trend with approximately 0.7% to 0.6% annual increments.
Over the last two years, from 2022 to 2023, there has been a slight upward trend. The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is around 0.7%, showcasing a stable yet gradual increase in Wheat Feed consumption in Japan.
Future trends to watch for include potential shifts in domestic agricultural policies, global wheat market dynamics, and climate change impacts that could affect both import volumes and local wheat production. Additionally, any changes in dietary trends or economic conditions in Japan could influence the demand for wheat feed.
