The import of frozen bone-in sheep cuts to Japan is forecasted to decline steadily from 2024 to 2028, with each year showing a decrease in million kilograms. Comparing the data, there is an evident downward trend over the four-year forecast period. The year-on-year decline from 2024 to 2025 is 3.71%, from 2025 to 2026 is 3.77%, and from 2026 to 2027 is 3.84%. The most notable drop is from 2027 to 2028 at 3.92%. The compound annual growth rate (CAGR) for the period from 2023 to 2028 is in negative territory, confirming a consistent decline in imports.
Future trends to watch include potential changes in Japan's domestic sheep production capacity and shifts in consumer demand for sheep meat. Additionally, international trade agreements and fluctuations in global sheep meat prices could impact import volumes. Monitoring these factors will be crucial to anticipate and understand future import patterns.
