In 2023, Japan imported fresh cut flowers and flower buds for bouquets valued at 364 million USD. From 2024 to 2028, forecasts indicate a steady growth, reaching 384.22 million USD by 2028. The year-on-year growth reflects a consistent increase, ranging from approximately 1.13% to 1.38% per annum. The compound annual growth rate (CAGR) over the five-year forecast period is about 1.35%.
Future trends to watch for include:
- Influence of sustainability and environmental policies on importation.
- Impact of economic changes on consumer spending and demand.
- Shifts in consumer preferences towards local vs. imported flowers.