The gross production value of dry cow peas in Japan is forecasted to grow steadily from 2024 to 2028. In 2023, this value was slightly below the 2024 forecast of 5.68 thousand US dollars in PPP. Year-on-year growth is projected, with approximately 1.8% from 2024 to 2028. Notably, the compound annual growth rate (CAGR) over these five years is approximately 1.6%, indicating a consistent upward trend.
Future trends to watch for:
- Potential shifts in consumer demand for dry cow peas, which could impact production levels.
- Changes in agricultural policies affecting dry cow pea cultivation in Japan.
- Technological advancements improving yield efficiency.
- Global market influences, such as trade agreements and currency fluctuation.
