In 2023, the import of frozen peas to Japan stood at 11.500 million kilograms. The forecast shows a slight annual decline from 2024 to 2028. Specifically, there is a year-on-year decrease of 1.67% in 2025, followed by 1.65% in 2026, 1.65% in 2027, and 1.65% in 2028. This consistent downward trend results in a compound annual growth rate (CAGR) of -1.65% over the five-year period.
Future trends to watch for include:
- Potential shifts in consumer preferences toward alternative frozen vegetables or fresh produce.
- Changes in Japan's agricultural policies or trade agreements impacting import volumes.
- Economic factors such as currency fluctuations and global supply chain dynamics.