The forecasted demand for oilseeds in Japan shows a steady increase from 6.33 million metric tons in 2024 to 6.38 million metric tons by 2028. This represents a slow but consistent year-on-year growth of approximately 0.16% to 0.31%. It is essential to note that the demand in 2023 stood at 6.32 million metric tons, showing a trend of gradual growth.
Considering the last two years, the year-on-year variation is around 0.32% from 2022 to 2023 and is expected to be 0.16% from 2024 to 2025. The average compound annual growth rate (CAGR) over the forecast period (2024 to 2028) is estimated to be approximately 0.2% per year.
Future trends to watch for include potential shifts in consumer preferences towards healthier vegetable oils, changes in agricultural policies, and global market fluctuations. Monitoring these factors will be crucial for accurately forecasting the demand for oilseeds in Japan.
