As of 2024, the number of vessels in Japan is forecasted to stand at 3.53 thousand. Compared to the previous year, 2023, a decline is observed. Subsequent years show a consistent decrease with values of 3.47 thousand in 2025, 3.41 thousand in 2026, 3.34 thousand in 2027, and 3.28 thousand in 2028.
Year-on-year variations:- From 2024 to 2025: -1.70%- From 2025 to 2026: -1.73%- From 2026 to 2027: -2.05%- From 2027 to 2028: -1.80%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -1.81%, indicating a gradual decline in the number of vessels over this period.
Future trends to watch for:- Technological advancements in maritime transport and logistics - Shifts in global trade patterns and shipping routes- Environmental regulations impacting shipping infrastructure and fleet renewal strategies- Economic factors influencing Japan’s maritime industry and vessel demand.
