Forecast: Soybeans Consumption at Farm Gate in Japan

The forecast for soybean consumption at the farm gate in Japan indicates a slightly declining trend from 3.5 million metric tons in 2024 to 3.4 million metric tons by 2028. This follows a year-on-year percentage decrease, suggesting a slowdown compared to the actual consumption level in 2023. Over the five-year forecast period, the compound annual growth rate (CAGR) shows a marginal decline in consumption.

Future trends to watch for include:

  • Potential shifts in domestic agricultural policies impacting soybean production and import dynamics.
  • Changes in consumer preferences for plant-based products that could affect soybean demand.
  • Influence of international trade relations on soybean availability and pricing.

Top Countries about Soybean