Country risk and economic studies
COUNTRY SECTOR SUMMARY - AGRIFOOD JAPAN
The Japanese agri-food sector is defined by two challenges: a structurally tight balance between supply and demand for food commodities and the stagnation of consumption growth. Indeed, the country presents a low self-sufficiency ratio on a calorie basis (39% in 2011), making the country highly reliant on imports of wheat, corn, fertiliser and meat – mainly from the United States, China, Canada, Russia, and India. On a value basis, trade is more balanced as Japan exports high-end agri-food goods, which resonate well with domestic and external demand.