The import of fresh or chilled bone-in bovine cuts to Japan is projected to decline steadily from 2024 to 2028, starting at 799.37 thousand kilograms in 2024 and dropping to 721.57 thousand kilograms by 2028. This series indicates a gradual decrease with an average annual decline rate, or CAGR, suggesting decreasing demand or a shift in market dynamics over this period.
Given current forecasts, stakeholders should monitor:
- Changes in consumer preferences or dietary habits.
- Economic factors affecting import demand, such as exchange rates and trade policies.
- Domestic production capabilities as a substitute for imports.
- Health policies and regulations impacting import demand.