In 2024, rapeseed oil imports in Japan are forecasted to stabilize at 21 thousand metric tons, reflecting a steady continuation from 2023 levels. The projection through 2025 maintains this figure, indicating no year-on-year growth. From 2026, a slight increase to 22 thousand metric tons is predicted, holding steady until 2028. This indicates a compound annual growth rate (CAGR) of approximately 0.94% from 2024 to 2028, demonstrating a modest upward trend over this forecast period.
Future trends to watch for:
- Potential shifts in global rapeseed supply due to climate impacts or geopolitical factors.
- Changes in Japan's dietary trends and preferences influencing demand for rapeseed oil.
- Government policies on import tariffs and support for local oilseed production could affect import volumes.