The forecasted fuel retail sales in Japan for 2024 to 2028 show a consistent decline. In 2023, actual sales were X Trillion Japanese Yens. The year-on-year variation from 2024 to 2025 is projected at -9.64%, while from 2025 to 2026 it is -10.53%. The decline continues with a -11.47% variation from 2026 to 2027, and -12.63% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately -10.91%.
Future trends to watch for include the growing adoption of electric vehicles, advancements in fuel efficiency, and potential regulatory changes aimed at reducing carbon emissions. These factors may further impact the demand for traditional fuel, accelerating the existing downward trend.
