The forecasted import values of lard, other pig fat, and poultry fat to Japan from 2024 to 2028 demonstrate a steady growth trend. In 2024, imports are projected at $4.25 million. By 2028, they will increase to $4.52 million, showcasing a consistent upward movement.
The year-on-year change from 2024 to 2025 is approximately 1.6%, from 2025 to 2026 it is about 1.6%, from 2026 to 2027 it moves to around 1.5%, and from 2027 to 2028 it stands at approximately 1.4%. The compound annual growth rate (CAGR) over this five-year period is roughly 1.5% per annum.
Future trends to watch for include changing consumer preferences, potential trade policy adjustments, and fluctuations in domestic production capabilities, which could impact import demands. Additionally, health trends and technological advancements in food processing may influence the composition of pig and poultry fat imports into Japan.
