In 2023, Japan's import of refined olive oil and fractions stood at 15.520 million kilograms. The forecasted data from 2024 to 2028 indicate a gradual increase in import volumes, reaching 16.286 million kilograms by 2028. The year-on-year growth from 2024 to 2025 is projected at 1.0%, with a consistent upward trend, culminating in an average annual growth rate of approximately 1.0% over the five-year forecast period.
Future trends to watch for include:
- Shifts in consumer preferences toward healthier oils, which could further boost demand.
- Potential impacts of trade agreements or tariffs on import volumes.
- Exchange rate fluctuations affecting import costs.
- Adoption of sustainability practices in the olive oil production could impact import sourcing.