The forecast for beef and veal meat imports in Japan indicates a steady increase from 757 thousand metric tons in 2024 to 777 thousand metric tons by 2028. This growth suggests a consistent year-on-year increase of approximately 0.66%. In 2023, actual imports stood at an estimated baseline somewhat lower than the 2024 forecast, signifying a rise in demand or reliance on imports. The compound annual growth rate (CAGR) over this five-year period is expected to maintain a steady upward trajectory at around the same percentage annually.
Future trends to watch for include:
- Potential impacts of trade agreements affecting beef imports.
- Shifts in consumer preferences towards alternative proteins.
- Changes in domestic beef production influencing import levels.
