In 2023, the production of Coke and Refined Petroleum Products in Japan was valued at 18.145 trillion Japanese Yens. The forecasted data shows a slight year-on-year decline through to 2028, with values decreasing incrementally from 18.138 trillion yen in 2024 to 18.108 trillion yen in 2028. The year-on-year percentage variations show a steady reduction of approximately 0.05% annually. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is projected to be around -0.04%, indicating a marginal but consistent decline in production value.
Future trends to watch for include potential advancements in refining technology, shifts in global oil demand, and environmental regulations that may impact production volumes and values. Additionally, the global sustainable energy transition and Japan's energy policy could lead to diversification in energy sources, possibly affecting the traditional petroleum sector.
