In 2023, Japan imported 3.0 thousand metric tons of cottonseed oil. The forecast from 2024 to 2028 shows a stable import volume, consistently at 3.0 thousand metric tons annually. This indicates no year-on-year variation, reflecting a steady import trend without significant changes over the period. The compound annual growth rate (CAGR) over these five years remains 0%, suggesting that the market demand or supply factors are expected to remain unchanged.
Future trends to watch for:
- Potential changes in domestic cottonseed oil production which could impact import volumes.
- Price volatility in the global vegetable oil market, affecting import pricing and volume.
- Evolving consumer preferences towards healthier or alternative oils.
- Trade policies and tariffs that may influence import practices.