The forecasted soybean production in Japan from 2024 to 2028 shows a slight, consistent decline. In 2023, Japan produced approximately 227.10 thousand metric tons of soybeans. The year-on-year variation indicates a negligible decrease, averaging a -0.02% annual change, reflecting minimal volatility. The compound annual growth rate (CAGR) across the forecasted period shows an average decline of -0.02% per annum, highlighting a stable but gradually contracting production landscape.
Future trends to watch for include:
- Technological advancements in agriculture that could potentially boost productivity.
- Shifts in domestic demand due to changing dietary preferences or economic conditions.
- Global market influences and trade policies impacting local production decisions.