The forecast for Japan's import of Liquefied Natural Gas (LNG) shows a gradual decline from 39.273 billion USD in 2024 to 38.772 billion USD by 2028. In 2023, the actual import value stood at 39.4 billion USD. The year-on-year variations are subtle, with decreases of 0.33% in 2025, 0.32% in 2026, 0.32% in 2027, and 0.31% in 2028. Over the last two years, there has been a cumulative decline of approximately 1.4%. The Compounded Annual Growth Rate (CAGR) projected over the five-year period is a minimal negative growth rate of around 0.31% per year.
Future trends to watch for:
- Global market fluctuations affecting LNG prices.
- Japan’s ongoing energy policy shifts towards renewable and nuclear options.
- Changes in domestic demand and technological advancements.
- Geopolitical developments influencing supply chains.
