- Corn use: feed 75%; starch 24%; other food use 1%.
- #2 import market for U.S. corn; #3 for U.S. barley and #6 for U.S. sorghum in MY 2016.
- Feed grain imports gradually declining to 12-15 MMT/year from 16 MMT/year.
- Japan imported 410,000 MT of U.S. DDGS in MY 2016.
- Dry milling sector is #1 end-user of hard endosperm corn; U.S. market share 100%in 2016.
- Population: 126.3 million
- Population growth: -0.2%
- Urban %: 93.5%
- Urban growth: 0.5%
- GDP: $4.4 trillion
- GDP growth: 1.2%
- GDP per capita: $34,620
- Large government debt and stagnant economy; highly subsidized, small agricultural sector; dependent on imported raw materials and fuels.
- Prime Minister Abe’s Abenomics stimulates economy, but not does not specifically benefit import-oriented industries including feed industry
Trade and Market Share Issues
- Ageing population and changing consumer preferences mean little growth in total food demand.
- High health consciousness with relatively high income has led to demand for health-oriented, value-added foods.
- Still committed to buying from U.S. (volume, reliability, origination investments); however, Japanese industry beginning to diversify sources of feed ingredient imports.
- Revitalization of agricultural sector is required.
- Biotech approval system, while functioning, may not have capacity to handle accelerating applications.
- Japan had supported TPP. It was an opportunity to reform the agricultural sector.
Feed Grains In All Forms
Marketing Year Sep 2016/Jun 2017:View U.S. Export Data by Country
Equivalent U.S Exports 96,878,392 (MT) 20%
Value $4,412,659,756 35%
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