Agriculture - Japan

Japan

Gross production value in Agriculture market is projected to amount to US$43.33bn in 2024. An annual growth rate of 0.88% is expected (CAGR 2024-2028), resulting in gross production value of US$44.88bn in 2028.
The import value in Agriculture market is projected to amount to US$27,660.0m in 2024. An annual growth rate of 3.35% is expected (CAGR 2024–2028).
The export value in Agriculture market is projected to amount to US$3,742.0m in 2024. An annual growth rate of 2.26% is expected (CAGR 2024–2028).

Key regions: United States, Brazil, Germany, Italy, Spain

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Analyst Opinion

Japan, the world's third-largest economy, has a thriving agriculture market that has been evolving in recent years.

Customer preferences: Japanese consumers are increasingly demanding high-quality and safe food products, which has led to a shift towards organic and locally sourced produce. The younger generation is also showing an interest in plant-based diets, leading to an increase in demand for plant-based alternatives to meat and dairy products.

Trends in the market: The agriculture market in Japan is seeing a trend towards automation and innovation. The use of robotics and AI technology is becoming more prevalent in farming practices, leading to increased efficiency and productivity. Additionally, there has been a push towards sustainable farming practices, such as the use of renewable energy sources and reducing waste.

Local special circumstances: Japan's geography and climate pose unique challenges for agriculture. The country is mountainous and experiences frequent earthquakes and typhoons, making it difficult to cultivate certain crops in certain regions. However, these challenges have also led to the development of unique and specialized farming practices, such as terraced rice paddies and indoor vertical farming.

Underlying macroeconomic factors: Japan's aging population and declining birth rate have led to a shortage of labor in the agriculture sector. This has driven the adoption of automation and technology in farming practices. Additionally, the government has implemented policies to support the agriculture industry, such as subsidies for farmers and investments in research and development. The COVID-19 pandemic has also highlighted the importance of domestic food production, leading to increased government support for the agriculture sector.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.