Japan’s import of fresh or chilled peas is projected to decline from 2024 to 2028, starting at $2.947 million in 2024 and decreasing steadily to $1.5906 million in 2028. As of 2023, the import value stood at $3.30 million. This indicates a continuous negative trend with a substantial decrease over the forecasted years. The average compound annual growth rate (CAGR) over these five years is negative, suggesting a persistent downward trajectory.
Future trends to watch:
- Consider the impact of shifting dietary preferences and local agricultural policies.
- Monitor global economic conditions and trade agreements that might influence import volumes.
- Keep an eye on advancements in storage and transportation technology that could affect fresh produce trade dynamics.