In 2023, the soybean oil supply in Japan stood at 538.0 Thousand Metric Tons. The forecasted data for the period 2024-2028 indicates a steady increase: from 541.0 Thousand Metric Tons in 2024 to 551.0 Thousand Metric Tons in 2028.
Year-on-year variations over the last two years highlight the following trends:
- 2024 vs. 2023: +0.56%
- 2025 vs. 2024: +0.55%
- 2026 vs. 2025: +0.37%
- 2027 vs. 2026: +0.55%
- 2028 vs. 2027: +0.36%
The Compound Annual Growth Rate (CAGR) for the period 2024-2028 is projected at approximately 0.48%.
Future trends to watch for include possible shifts in global trade policies, technological advancements in agriculture, and climate change impacts on crop yields, which might influence supply dynamics. Additionally, rising demand for biofuels could drive greater consumption of soybean oil.
