In 2023, the import value of fresh or chilled onions and shallots to Japan stood at 132 million US dollars. The forecast from 2024 to 2028 indicates a steady but slight increase, with values ranging from 132.23 million in 2024 to 132.97 million in 2028.
The year-on-year growth is marginal, implying a stagnant demand or potential market saturation. The compound annual growth rate (CAGR) over the five years is minimal, showing stability rather than significant expansion.
Future trends to watch for include:
- Fluctuations in domestic production that may affect imports.
- Trade policy changes impacting import tariffs or sourcing practices.
- Consumer preference shifts towards locally grown produce or alternative products.