In 2023, the production volume of coke and refined petroleum products in Japan stood at 15.56 trillion Japanese Yens. The forecasted values indicate a decreasing trend: from 15.315 trillion Japanese Yens in 2024, 15.07 in 2025, 14.829 in 2026, 14.594 in 2027, to 14.363 in 2028. Year-on-year variations show a steady decline, with a decrease of 1.6% from 2024 to 2025, 1.6% from 2025 to 2026, 1.6% from 2026 to 2027, and 1.6% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately -1.6%, indicating a consistent yearly reduction in production volume.
Future trends to watch for include advancements in alternative energy sources, changes in global oil prices, shifts in domestic demand, and regulatory policies aiming to reduce carbon emissions. These factors could significantly influence the trajectory of production volumes in the coming years.
