The forecast for Japan's soybeans import shows a gradual decline from 2024 through 2028. In 2023, the import stood at 2.886 billion kilograms. Predicted values for subsequent years indicate a steady decrease: 2.8466 billion kilograms in 2024, reducing to 2.6873 billion kilograms by 2028. Year-on-year comparisons highlight these reductions as approximately 1.4% per year.
The compound annual growth rate (CAGR) over the forecasted period indicates an average annual decline of around 1.8%. These figures suggest a consistent downward trend in soybean imports to Japan.
Future Trends:
- Watch for policy changes in Japan concerning soybeans usage in agriculture and industry.
- Track developments in domestic soybean production levels and alternative imports.
- Evaluate effects of global market dynamics, such as changes in major export countries and shifts concerning climate impacts.
