In 2023, the Total Value of Agricultural Production at Farm Gate in Japan stood at 78.36 Billion Euros. The forecasted values for the subsequent years show a consistent upward trend, reaching 79.22 Billion Euros in 2024, 80.16 Billion Euros in 2025, 81.09 Billion Euros in 2026, 82.01 Billion Euros in 2027, and 82.92 Billion Euros in 2028. This indicates a steady year-on-year growth rate of approximately 1.2% each year.
Key year-on-year percentage variations:
- 2024 vs. 2023: 1.10% increase
- 2025 vs. 2024: 1.19% increase
- 2026 vs. 2025: 1.16% increase
- 2027 vs. 2026: 1.13% increase
- 2028 vs. 2027: 1.11% increase
The Compound Annual Growth Rate (CAGR) over the five-year period is around 1.13% per year, indicating a stable but modest growth.
Future trends to watch for:
- Adoption of advanced agricultural technologies which could significantly impact productivity
- Climate change effects that may influence crop yields and farming practices
- Shifts in domestic and international market demands which could alter production values
- Government policies and subsidies aimed at supporting the agricultural sector in Japan