In 2023, Japan's milled rice export stood at 118.0 thousand metric tons. The forecast for 2024 indicates a modest increase to 120.0 thousand metric tons. Year-on-year growth averages around 1.6%, with the forecast predicting a continuous upward trend reaching 125.0 thousand metric tons by 2028, representing a compound annual growth rate (CAGR) of approximately 1.4% over five years. This indicates stable but slow growth in export volume.
Future trends to watch for include:
- Potential impacts of climate change on rice production.
- Shifts in global demand for rice as countries seek food security.
- Trade policy adjustments that could affect export dynamics.
