Sugar production at the farm gate in Japan stood at 367.5 million Euros in 2023. Forecasted data for the coming years indicates a reduced output with values projected to be 359.78 million Euros in 2024, 352.32 million Euros in 2025, 344.96 million Euros in 2026, 337.72 million Euros in 2027, and 330.58 million Euros in 2028. This data shows a consistent year-on-year decline.
Year-on-Year variations from 2023 to 2024 show a decrease of approximately 2.1%. The period from 2024 to 2025 projects a further decline of around 2.1%, and similar trends are observed in the following years with a decrease of 2.1% in both 2026 and 2027. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average annual reduction of about 1.7%.
Future trends to watch for include changes in agricultural policies, climate change impact on crop yields, and potential technological advancements in farming that could mitigate some of the declining production rates. Additionally, global sugar market fluctuations and domestic consumption patterns will be important factors to monitor.
