Forecast: Total Primary Energy Supply in Japan

Based on the provided forecast data, the Total Primary Energy Supply (TPES) in Japan is expected to decline over the forecasted period from 2024 to 2028. In 2023, the actual TPES stood at 379 million tonnes of oil equivalent. In 2024, it is forecasted to be 373.25 million tonnes of oil equivalent, indicating a decrease of 1.52% year-on-year. By 2025, the value is forecasted to be 367.14 million tonnes, reflecting a decrease of 1.64% from 2024. In 2026, the TPES is anticipated to decline further to 361.34 million tonnes, showing a 1.58% reduction from 2025. This downward trend continues to 2027 with 355.85 million tonnes (a decrease of 1.52%) and in 2028 with 350.65 million tonnes, marking a 1.46% reduction from the previous year. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately -1.54%.

Future trends to watch for include Japan's transition towards renewable energy sources, energy efficiency measures, and policies aiming to reduce carbon emissions, all of which could further impact the Total Primary Energy Supply. Additionally, fluctuations in global energy markets and technological advancements in energy storage and distribution are critical factors that could influence future energy supply trends in Japan.