The import of prepared or preserved groundnuts to Japan is forecasted to decline gradually from 51.674 million kilograms in 2024 to 50.437 million kilograms in 2028. In 2023, the volume stood at approximately 52 million kilograms. Year-on-year, the volumes are expected to decrease by roughly 0.62% annually over the next five years, reflecting a compound annual growth rate (CAGR) of -0.62%. This trend indicates a steady decline in the import volumes, likely pointing to changing demand dynamics or increased local production.
Future trends to watch for include:
- Shifts in consumer preferences towards alternative snack options.
- Potential increases in domestic production reducing the reliance on imports.
- Trade policies that may affect import tariffs on groundnuts.
- Health trends promoting groundnuts as a healthy snack, potentially altering demand forecasts.