In 2023, the share of fossil fuels in Japan's total domestic material consumption stood at 33.85%. From 2024 to 2028, forecasts suggest a steady incremental increase, reaching 34.08% by 2028. The year-on-year growth rates are minimal, typically around 0.12% annually. Over the five-year horizon, the CAGR is approximately 0.13%, indicating a slow yet consistent rise in fossil fuel consumption share.
Future trends to monitor include Japan's policy shifts towards renewable energy, technological advancements, and potential geopolitical impacts on fossil fuel supply. These factors could significantly alter forecasted consumption trends.
