Forecast: Groundnuts Production in Japan

As of 2023, groundnut production in Japan stood at 15.9 thousand metric tons. The forecasted production for the year 2024 is 16.0 thousand metric tons, showing a slight increase compared to the previous year. Over the forecast period from 2024 to 2028, production is projected to gradually rise from 16.0 to 16.2 thousand metric tons, reflecting modest year-on-year increases of approximately 0.6% to 0.7% after 2025. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is anticipated to be 0.38%.

Future trends to watch for:

  • Environmental factors influencing crop yield.
  • Technological advancements in agriculture that may improve productivity.
  • Potential changes in domestic consumption patterns and their effects on production demand.
  • Global market trends affecting the export potential of Japanese groundnuts.

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