The import of liquorice extract to Japan is forecasted to decrease steadily from 2024 to 2028, with values dropping from 265.87 to 200.68 thousand kilograms. Compared to the last available year of 2023, these forecasts show a consistent downward trend. The year-on-year decline from 2024 to 2025 is around 6.32%, and it continues to decline, with rates for subsequent years indicating a contraction trend. The Compound Annual Growth Rate (CAGR) over this forecasted period reflects an average annual decrease in import volumes.
Future trends to watch for include changes in consumer demand for liquorice-based products, potential shifts in trade policies, or the introduction of substitutes, which may impact import levels significantly. Additionally, monitoring the economic factors and health trends in Japan that might influence the demand for liquorice extract will be crucial.
