The domestic consumption of soybean oil in Japan shows a very stable uptrend for the forecast period from 2024 to 2028, beginning at 482.0 Thousand Metric Tons in 2024 and reaching 485.0 Thousand Metric Tons by 2028. In 2023, the baseline consumption stood at 481.0 Thousand Metric Tons.
The year-on-year variation is small, with increases of approximately 0.21% per year from 2024 to 2025, 0.21% from 2025 to 2026, and 0.21% from 2026 to 2027. The five-year compound annual growth rate (CAGR) is also minimal, averaging approximately 0.16% yearly.
Future trends to watch for include potential shifts in consumer preference toward healthier oils, changes in import-export policies, and the influence of global soybean oil production on domestic supply and pricing. Monitoring these factors could provide further insights into the market's stability and future growth potential.
