Based on the forecast data, the import of live bovine animals except pure-bred breeding to Japan is set to increase slightly from 2024 through 2028. Starting at 17.33 thousand in 2024, the imports are expected to rise modestly each year, reaching 17.99 thousand by 2028. Compared to 2023, this steady upward trend reflects a consistent year-on-year increase of about 0.92%. The Compound Annual Growth Rate (CAGR) across these five years is around 0.92%, indicating a slow but sustainable growth trajectory.
Future trends to watch for include:
- Changes in Japan's domestic cattle production, which could either curb or boost import needs.
- Trade policies and agreements affecting import costs or availability.
- Consumer demand for beef in Japan, as dietary shifts could impact import volumes.
