The value added by the agriculture, forestry, and seafood sectors in Japan is forecasted to show a decreasing trend from 2024 to 2028. Starting from 2024 with 5.6878 trillion yen, it is expected to gradually decline to 5.6016 trillion yen by 2028. This represents a year-on-year percentage decrease at an average of approximately 0.4%. Over the five-year period, the compound annual growth rate (CAGR) indicates a steady contraction of around 0.38% per annum.
Future trends to watch for:
- Impact of technological advancements and innovations in enhancing productivity and sustainability.
- Effects of demographic changes, such as aging farmers and population shifts, on labor and output.
- Influence of climate change and natural disasters on agricultural yields and seafood availability.
- Government policies aimed at supporting the agricultural sector and promoting exports.