Forecast: Import of Millet to Japan

In 2023, Japan's millet imports were valued at 5.13 million USD, serving as the baseline for future comparisons. By 2024, imports are expected to grow slightly to 5.14 million USD, indicating a modest increase over the previous year. The forecasted growth continues steadily, with the value reaching 5.18 million USD by 2028, reflecting gradual year-on-year increases over this period. The compound annual growth rate (CAGR) from 2024 to 2028 suggests a very slight upward trend.

Future trends to watch for include:

  • Potential shifts in dietary preferences towards millet as a health food could further boost import demand.
  • Trade agreements or geopolitical factors affecting global grain markets could impact price and availability.
  • Technological advancements in agriculture that influence production efficiency can alter supply dynamics.

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