According to the forecast, the liquefied gas tanker market in Japan will experience a gradual decline from 2024 to 2028. The value is expected to decrease from 139.38 in 2024 to 134.47 by 2028. This represents an annual decrease of roughly 0.9% on average, or a CAGR of approximately -0.9% over the five-year period. Comparing the data year-on-year:
- From 2024 to 2025, there is a projected decrease of 0.9%.
- From 2025 to 2026, a further decrease of 0.9% is forecasted.
- Between 2026 and 2027, the value is expected to reduce by another 0.9%.
- From 2027 to 2028, the trend continues with a drop of 0.9%.
Historically, year 2023 represents a key reference point where the value stood at a higher level before the forecasted decline started to be projected. Looking into the future, trends such as improved energy efficiency, shifts towards sustainable energy alternatives, and regulatory changes affecting the liquefied gas market should be closely monitored as they will significantly impact the market’s trajectory in Japan.
