The import of peppermint essential oils to Japan shows a gradual decline from 2024 to 2028. In 2023, imports stood at 230.12 thousand kilograms. Forecasts predict a decrease to 228.23 thousand kilograms in 2024, declining annually to 220.85 thousand kilograms by 2028. The year-on-year change is consistently negative, highlighting an average reduction of approximately 0.8% per year over the projected five-year period.
Future trends to watch for:
- Shifts in consumer preferences towards synthetic alternatives or substitutes, potentially due to evolving health or environmental concerns.
- Changes in international trade policies or tariffs affecting essential oil prices and availability.
- Innovation in applications of peppermint oil impacting demand in various sectors.