In 2023, Japan's import of fresh or chilled boneless bovine cuts stood at an estimated $2.34 billion. Forecasts predict a steady increase in imports: $2.3873 billion in 2024, up to $2.596 billion by 2028. This translates to year-on-year percentage increases of approximately 2.24% in 2025, 2.16% in 2026, 2.07% in 2027, and 1.99% in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is roughly 2.14%, suggesting moderate and consistent growth.
Future trends to watch for include:
- Potential changes in trade policies affecting beef imports.
- Shifts in consumer preferences towards alternative proteins.
- Impact of currency fluctuations on import values.
