Key Market Indicators
Japanese energy consumption is projected to decline to approximately 17.3 exajoules by 2028, down from around 17.7 exajoules in 2023. This represents an average annual decrease of 0.4%. Since 1970, Japan's energy demand has been on a downward trend, with an average annual reduction of 1.4%. In 2023, Japan ranked fifth globally in energy consumption, with Russia surpassing it at the same 17.7 exajoules mark. The United States, India, and Russia held the second, third, and fourth positions, respectively, in global energy consumption rankings for 2023.
