The Japanese import of machines to mill or work cereals or dried legumes is on a declining trajectory from 2024 to 2028. In 2023, the volume stood at a higher level than the forecasts suggest beyond 2024. The year-on-year percentage reduction reflects a consistent decrease in imports, suggesting an average annual contraction in the volume of about -6.4% over the five-year forecasted period. The year-on-year decline between 2024 and 2025 is approximately -6.3%, indicating a steady drop.
Future trends to watch for include:
- Technological advances in milling and processing equipment within Japan that could reduce import dependency.
- Changes in domestic agricultural policies affecting production and processing capabilities.
- Fluctuations in cereal and legume consumption patterns that could influence machinery demand.