The forecast for the import of frozen bovine livers to Japan shows a declining trend from 2024 to 2028. Starting at 559.88 thousand kilograms in 2024, the volume decreases significantly to 221.87 thousand kilograms by 2028. This demonstrates a marked downtrend over the five-year forecast period. Comparing to 2023 data, which stood at a higher value, the decrease is noticeable, indicating challenges in the market, possibly due to evolving dietary preferences or trade regulations. The year-on-year decline is steep, with consistent reductions in import quantity each year.
Future trends to watch for include potential shifts in domestic production capacities, changes in consumer demand for bovine products, and international trade agreements that could affect pricing and import volumes. Monitoring these factors is crucial for stakeholders in the industry to adapt and strategize effectively. The compounded annual growth rate (CAGR) over this period suggests a persistent contraction, urging market players to reassess their approaches and consider diversification or alternative markets.
