The forecast for soybean meal imports in Japan shows a steady upward trend. In 2023, actual imports were not specified, but from 2024 to 2028, imports are expected to increase gradually from 1.62 to 1.68 million metric tons. This represents a year-on-year growth of around 0.6% to 1.2% annually. The five-year compound annual growth rate (CAGR) is approximately 0.9%.
Future trends to watch for include changes in Japan's domestic soybean cultivation, global soybean supply chain shifts, or modifications in trade policies that could impact import volumes. Additionally, dietary and industrial demand shifts within Japan may influence future import needs.
