Forecast: Coastal Shipping Freight in Japan

In 2023, coastal shipping freight in Japan stood at 143.92 billion tonne kilometers. For 2024, the value is forecasted to be 140.65, representing a year-on-year decrease of approximately 2.3%. The downward trend continues with forecasts of 137.42 for 2025, 134.23 for 2026, 131.06 for 2027, and 127.93 for 2028, marking year-on-year decreases of around 2.3%, 2.3%, 2.4%, and 2.4% respectively. The average compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is an estimated -2.4%.

Future trends to watch for include shifting demand patterns due to evolving international trade dynamics, variations in fuel prices affecting operational costs, and regulatory changes aimed at reducing carbon emissions in the shipping sector.