The total value of agricultural production at the farm gate in Japan shows a declining trend from 2024 through 2028, starting at $83.18 billion in 2024 and gradually decreasing to $82.97 billion by 2028. This represents a slight decline with modest year-on-year percentage decreases. As of 2023, the value was recorded at $83.25 billion. Year-over-year trends over the past two years show a stable pattern with minor reductions, indicating a controlled but consistent downturn. The compound annual growth rate (CAGR) over the five years demonstrates a negligible annual decrease, underlining relatively stable agricultural economic conditions but with a slight downward trajectory.
Future trends to watch for in Japan's agricultural sector include:
- Sustainability practices could influence production methods, possibly improving values.
- Technological advancements in farming could enhance efficiency and productivity.
- Global economic conditions and trade policies might impact exports and overall agricultural value.
- Climate change repercussions could affect yield and crop viability.