Based on the forecast data for the import of cane or beet sugar and chemically pure sucrose to Japan, the value is expected to gradually decline from $362.82 million in 2024 to $308.14 million in 2028. This represents a steady year-on-year decrease, illustrating an overall downward trend in sugar imports.
Year-on-year variations highlight an average decrease each year, reflecting a significant shift in the import market. The compound annual growth rate (CAGR) further emphasizes this declining trend over the forecasted period, averaging a consistent annual decrease in import value.
In 2023, the actual import value stood higher than the forecasted values, indicating a notable change in market conditions. Key factors to watch for in future trends include fluctuations in global sugar prices, Japan’s domestic sugar production shifts, and potential changes in consumer preferences that may impact demand. Additionally, evolving trade agreements and environmental policies could further influence these forecasts.
