The import of liquefied propane to Japan is forecasted to decrease steadily from 2024 to 2028. In 2023, the actual value was $3.75 billion. Forecasts indicate a year-on-year decline from $3.6232 billion in 2024 to $3.1363 billion in 2028, implying an annual reduction rate of approximately 3.5%. Over this five-year period, the compound annual growth rate (CAGR) suggests a continued downward trajectory.

Key future trends to watch include:

Shift towards alternative energy sources and the impact on propane demand.
Government policies on energy import and consumption.
Technological advancements in energy storage and its effect on consumption patterns.
Global market dynamics, including price fluctuations and supply chain disruptions.