The import volume of non-chemically modified animal fats and oils into Japan is forecasted to decline from 2024 through 2028. In 2023, the actual import volume stood at 158.5 thousand kilograms. From 2024 to 2028, the forecast shows a decrease from 153.29 to 135.69 thousand kilograms, revealing a downward trend with an annual decrease of approximately 2.97% year-on-year. The compounded annual growth rate (CAGR) over these five years illustrates a steady contraction.
Future trends to watch for include fluctuations in domestic demand for animal fats and oils, international trade policies impacting import costs, and the potential rise in plant-based product alternatives that may affect import volumes negatively. Additionally, changes in global agricultural production and supply chain dynamics can further impact these imports.
