In 2023, Japan's gas consumption stood at 9.50 Billion Cubic Feet Per Day. The forecasted data from 2024 to 2028 shows a decline in consumption values each year: from 9.39 in 2024 to 8.88 in 2028. This indicates a noticeable downward trend, marked by an annual decrease. The year-on-year percentage variation from 2024 to 2025 is approximately -1.60%, and from 2025 to 2026 is -1.41%, maintaining this negative trend towards 2028. The compound annual growth rate (CAGR) over this forecasted period is approximately -1.34%.
Future trends to watch include:
- Japan's shift towards renewable energy sources potentially reducing gas dependency.
- Government policies and investments in energy efficiency and conservation initiatives.
- Global energy price fluctuations influencing domestic gas consumption.
- Technological advancements in energy storage and carbon emissions reduction.