The rapeseed oil and mustard oil market in Japan is expected to experience a slight decline in volume over the forecast period from 2024 to 2028. Based on the latest data, market volume will decrease from 838.0 Thousand Metric Tons in 2024 to 826.0 Thousand Metric Tons in 2028. This represents an average annual decline of approximately 0.3%.
Year-on-year variations are as follows:
- 2025: -0.36%
- 2026: -0.36%
- 2027: -0.36%
- 2028: -0.36%
In 2023, actual data indicated the market was stable, but starting in 2024, the market volume began to decline gradually.
Future trends to watch for include potential changes in consumer preferences, advances in alternative oil products, and any shifts in agricultural policies impacting the production of rapeseed and mustard seeds. Monitoring these trends can provide insight into possible adjustments in market dynamics beyond 2028.
