Based on the data, the forecast for rapeseed oil production in Japan shows a steady increase from 1.0662 million metric tons in 2024 to 1.0847 million metric tons in 2028. The year-on-year growth rate is modest, varying between 0.45% to 0.51%. As per the variations observed over the last two years, the production volume has had a negligible increment. The compound annual growth rate (CAGR) for the forecast period from 2024 to 2028 is approximately 0.44%. In 2023, rapeseed oil production stood slightly lower than the starting forecast value for 2024.
Future trends to watch for include potential shifts in agricultural policies, technological advancements in seed cultivation and oil extraction, and changes in global demand and trade dynamics affecting Japan’s rapeseed oil market.
