Forecast: Beef and Veal Meat Supply in Japan

The beef and veal meat supply in Japan is on a slight upward trend over the next few years. From 2024 onward, the supply is forecasted to grow from 1.48 million metric tons to 1.51 million metric tons by 2028, indicating a stable if modest increase. Considering data from 2023, where the supply was also approximately 1.48 million metric tons, this represents an incremental year-on-year variation of around 0.68% until 2028. The compound annual growth rate (CAGR) over the period from 2023 to 2028 is approximately 0.5%, suggesting a rather consistent growth trajectory.

Future trends to watch for include:

  • Potential impacts of domestic agricultural policies aimed at increasing self-sufficiency.
  • Shifts in consumer preferences, possibly affecting import dependency and demand.
  • Effects of global trade dynamics and bilateral agreements on beef and veal imports/exports.

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