In 2023, Japan's import of frozen boneless sheep cuts stood at a notable figure, setting the stage for the years to follow. From 2024 to 2028, steady growth is anticipated, with import values increasing year-on-year. In 2025, a 1.3% increase is expected, followed by a similar upward trajectory through 2028, reaching 66.911 million USD. The compound annual growth rate (CAGR) over this period suggests a modest but consistent expansion, averaging around 1.25% annually according to forecast.
Future trends to watch include:
- Japan's evolving dietary preferences and increased demand for diverse protein sources.
- Potential impacts of trade agreements and tariffs on import costs.
- Fluctuations in global sheep meat production, potentially affecting supply and pricing.