The import of salted, dried, or smoked swine bellies to Japan is on a steady upward trajectory. In 2023, the imports were valued at 11.4 million USD. For 2024, a forecasted value of 11.715 million USD represents a modest growth. Year-on-year, the growth is expected to maintain an average rate of approximately 3% through 2028, as reflected in projected values. The forecast for 2028 is 13.163 million USD, demonstrating a cumulative annual growth rate (CAGR) of about 3% over the five years from 2024 to 2028.
Factors to watch for in the future include changes in Japanese consumer preferences, global swine supply fluctuations, and potential trade policy shifts. Additionally, monitoring the competitiveness of domestic production versus imports could impact these forecasts significantly.
