Key Market Indicators
Japanese fuel exports are projected to decline to approximately 326 cubic meters by 2028, down from 348 cubic meters in 2023. This represents an average annual decrease of 1%. Historical data since 1968 indicates a more significant decline, with the supply dropping by 19.1% year on year. Conversely, Japanese fuel imports are expected to rise to around 5,590 cubic meters by 2028, up from 5,200 cubic meters in 2023. This translates to an average annual growth rate of 1.2%. Since 1997, Japanese fuel demand has been on an upward trajectory, increasing by 0.9% each year on average.
