The import value of essential oils of orange to Japan is forecasted to grow steadily from $59.92 million in 2024 to $68.702 million in 2028. Compared to 2023, which recorded an import value of $58 million, the imports are projected to increase, reflecting a year-on-year growth rate of around 4% in 2024. The five-year CAGR (2024-2028) is expected to be approximately 3.5%.
Future trends to watch for:
- Changing consumer preferences towards natural and organic products may fuel demand.
- Potential supply chain disruptions due to geopolitical or environmental factors.
- Shifts in trade agreements or tariffs impacting import costs and demand dynamics.