The forecast for palm oil supply in Japan from 2024 to 2028 shows a steady increasing trend. Starting at 666 thousand metric tons in 2024, the supply is expected to grow to 699 thousand metric tons by 2028. This indicates a moderate rise in palm oil availability in the Japanese market, contributing to a steady growth trajectory. Compared to 2023, where the supply stood at 660 thousand metric tons, the year-on-year growth ranges from 1.35% to 1.48%. The compound annual growth rate (CAGR) over the five-year period is approximately 1.5%.
Future trends to watch for include potential shifts in import regulations due to environmental policies, changes in consumer preferences towards sustainable products, and the impact of global palm oil production on supply chains. Monitoring these factors will be crucial for accurately forecasting further developments in the Japanese palm oil market.
