In 2024, Japan’s forecast for cattle imports indicates a continuation of the trend observed from 2023, remaining at zero heads through to 2028. As of 2023, Japan's cattle imports were already at zero, reflecting a complete halt in cattle importation. This pattern persists consistently without any year-on-year variation, signifying stagnation in import activity. The compound annual growth rate (CAGR) over the last five years is also zero, pointing to no change in this metric. Thus, cattle importation is not anticipated to resume in the foreseeable near term.
Future trends to watch for:
- Potential changes in local demand for beef could impact import strategies.
- Trade policies or agreements that might affect cattle importation.
- Shifts in local cattle supply and production capabilities.
- Consumer preferences toward domestic versus imported beef in Japan.
