In 2023, Japan imported Beverages, Spirits, and Vinegar amounting to 3.831 billion US Dollars. From 2024, the forecasted data show a steady growth in imports, starting at 3.8806 billion US Dollars in 2024 and reaching 4.0871 billion US Dollars by 2028. This indicates an upward trend in the import value with year-on-year percentage variations as follows:
- 2024-2025: 1.37% increase
- 2025-2026: 1.33% increase
- 2026-2027: 1.28% increase
- 2027-2028: 1.24% increase
The Compound Annual Growth Rate (CAGR) over the 5-year period (2024-2028) stands at approximately 1.28%.
The steady growth in imports reflects a sustained demand for Beverages, Spirits, and Vinegar in Japan. Future trends to watch for include shifts in consumer preferences towards premium and healthier beverage options, potential trade policy changes, and fluctuations in the global supply chain that may impact import volumes and values.
