In 2023, Japan's coconut oil import volume stood at 37.0 thousand metric tons. Forecasts suggest a gradual decline over the forecasted period from 2024 to 2028. The year-on-year variation shows no change in 2024 and 2025, a decrease of 2.78% in 2026, 2.86% in 2027, and 2.94% in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be negative, indicating an average annual decline in import volume.
Future trends to watch:
- Preferences shift towards alternative oils due to health and environmental concerns.
- Impact of global economic conditions on import volumes.
- Technological advancements in production and processing of coconut oil.
