The forecast for coastal freight transport in Japan shows a consistent decline from 2024 to 2028. In 2023, the volume stood at 143.92 billion tonne-kilometers. In 2024, the forecasted value is 140.65, representing a 2.27% year-on-year decrease. Similar trends continue with a 2.30% decline in 2025, 2.32% in 2026, 2.36% in 2027, and 2.39% in 2028. Over the last five years, the compound annual growth rate (CAGR) indicates an average yearly decline of approximately 2.33%.
Future trends to watch for:
- Technological advancements in shipping logistics.
- Environmental regulations impacting maritime transport.
- Economic factors influencing demand for coastal freight.
