The forecasted Gross Value Added (GVA) for the Coke and Refined Petroleum Products Manufacturing in Japan shows a slight declining trend from 2024 to 2028. With the GVA standing at 4.6782 trillion yen in 2024, it is expected to decrease yearly, reaching 4.5363 trillion yen by 2028. Over the last two years, the year-on-year percentage decrease is marginal but consistent. This indicates a CAGR that suggests a moderate annual decline over the forecast period.

Future trends to watch for include:

Fluctuations in global oil prices which could significantly impact the sector.
Japan’s energy policy shifts towards renewable energy sources possibly further diminishing the sector’s growth.
Technological advancements in refining processes may improve efficiency and affect GVA.
Economic recovery post-pandemic could provide a temporary boost in demand.