In 2023, Japan imported approximately 14.5 thousand metric tons of butter. The forecast from 2024 to 2028 shows a steady increase with imports at 15.0 thousand metric tons in 2024 and 2025, and 16.0 thousand metric tons from 2026 to 2028. This indicates a stable year-on-year growth rate of approximately 6.7% during the initial years, a pattern that stabilizes afterwards.
The Compound Annual Growth Rate (CAGR) over the five-year forecast horizon is approximately 2%. Noteworthy future trends to watch include potential changes in domestic production, shifts in dietary preferences, and any trade policy changes that could impact consumption patterns.
- Monitoring shifts towards healthier eating habits that might affect butter consumption.
- Observing changes in the global dairy market that could influence import dynamics.
- Considering trade agreements or policies impacting dairy products in Japan.