As of 2023, Japan's rapeseed oil domestic consumption was recorded at approximately 881.0 thousand metric tons. Forecasts predict a steady increase in consumption, reaching 905.0 thousand metric tons by 2028. Year-on-year variations exhibit modest growth between 0.5% and 1%, illustrating a consistent upward trend. Over the next five years, the compound annual growth rate (CAGR) is expected to average around 0.5% annually.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier oils, which could impact rapeseed oil demand.
- Government policy changes on imports and sustainability mandates influencing domestic oil production.
- Technological advances in cultivation and oil extraction could affect production efficiency and costs.