In 2023, the maize oil market size by volume in Japan stood at 76.0 thousand metric tons. The forecasted data for the period 2024-2028 shows a declining trend. Specifically, the market is expected to remain stable at 75.0 thousand metric tons in 2024 and 2025, decrease to 74.0 thousand metric tons in 2026 and 2027, and finally drop to 73.0 thousand metric tons by 2028.
Year-on-Year Variations:
- 2023 to 2024: -1.32%
- 2024 to 2025: 0.00%
- 2025 to 2026: -1.33%
- 2026 to 2027: 0.00%
- 2027 to 2028: -1.35%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is -0.67%, reflecting a modest annual decline.
Future trends to watch for include potential shifts in consumer preferences towards healthier oil alternatives, regulatory changes affecting maize production, and international trade dynamics that could impact supply and pricing.
