In 2023, Japan's butter and ghee import volume stood at 14.0 thousand metric tons. The forecast for 2024 indicates a rise to 15.0 thousand metric tons, marking a 7.1% increase compared to 2023. From 2025 to 2028, the import volume is expected to stabilize at 16.0 thousand metric tons, remaining constant with no annual growth after the initial increase. Over the five-year forecast period, the compound annual growth rate (CAGR) is estimated at approximately 3.4%.
Future trends to watch include changes in consumer preferences toward plant-based alternatives, potential trade agreements affecting import tariffs, and global dairy market dynamics that could influence Japan's import volumes of butter and ghee.
