Japan's centrifugal sugar imports are forecasted to decline slowly from 1.03 million metric tons in 2024 to 0.967 million metric tons in 2028. This represents a year-on-year decrease of approximately 1% in 2025 and slightly higher decreases in the following years, with a projected compound annual growth rate (CAGR) of about -1.6% over the five-year period. In 2023, the actual import volume was slightly higher than the forecasted 2024 volume.
Future trends to watch for:
- Changes in domestic sugar production and consumption that could influence import needs.
- Global sugar market dynamics, including price fluctuations and availability from key sugar-exporting countries.
- Potential trade policy adjustments or international agreements impacting import tariffs and restrictions.