Forecast: Import of Liquefied Propane to Japan

In 2024, the import of liquefied propane to Japan is projected to be 9.9977 billion kilograms. This forecast indicates a consistent annual increase, reaching 10.16 billion kilograms by 2028. The progression from 2023 shows steady growth, reflecting a stable demand in the Japanese market. Year-on-year variations are positive, suggesting resilience in demand. Since actual 2023 figures are not provided, but considering the consistent rise from forecasted 2024 data, a compound annual growth rate (CAGR) outlines a moderate upward trend.

Future trends to watch include:

  • Global energy policy shifts towards cleaner energy which may impact propane demand.
  • Technological advancements in propane utilization.
  • Fluctuations in supply chains affecting import levels.
  • Economic factors influencing industrial and household energy consumption patterns in Japan.

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