In 2023, the total value of agricultural production at the farm gate in Japan stood at 9.05 trillion Japanese yen. The forecast reveals a gradual decline from 2024 to 2028, beginning at 9.01 trillion yen in 2024 and dropping to 8.87 trillion yen in 2028. The average annual change over this period, or the CAGR, is negative, highlighting a consistent downward trend. Year-on-year variations indicate a declining trend, with each subsequent year witnessing a slight reduction in value.
Future trends to watch for include:
- Potential impacts of climate change on agricultural productivity.
- Technological innovations and their adoption rate among Japanese farmers.
- Shifts in domestic consumption patterns and their influence on agricultural demand.
- Government policies aimed at supporting the agricultural sector and their effectiveness.