Japan's import of petroleum bitumen stood at 500 million kilograms in 2023. The forecasted data for subsequent years show an increasing trend: 510.1 million kilograms in 2024, 519.56 million kilograms in 2025, 528.84 million kilograms in 2026, 537.93 million kilograms in 2027, and 546.84 million kilograms in 2028. The year-on-year variation for 2024 and 2025 is approximately 1.89% and 1.85%, respectively. The compound annual growth rate (CAGR) over the five years is estimated at around 1.81%.
Future trends to watch for include potential impacts from advancements in alternative paving materials, shifts in global oil markets, and Japan's infrastructure development policies. Understanding these factors will be crucial for anticipating fluctuations in the import of petroleum bitumen.
