Commodity Market Report
Japan product markets 2021 outlook to 2050
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Japan had a deficit of around 499,000 b/d of supply of total products versus demand in 2020. The overall deficit position is skewed by large deficits in LPG and naphtha, minor deficits for gasoline, jet / kero while diesel/gasoil and fuel oil were in surplus. As a mature economy pursuing higher efficiency and with aging population, Japan is forecast to see its oil demand fall at an average annual rate of 1.4% between 2019 and 2050. Demand reaches 1.8 million b/d in 2050. In light of this trend and faced with global refinery overcapacity when will more refinery rationalisations happen?
Table of contents
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Fuel quality specifications
- Gasoline
- Kerosene
- Diesel/gasoil
- Fuel oil
- Refinery infrastructure and investments
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Refinery supply
- Biofuels
- Others
Tables and charts
This report includes the following images and tables:
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Refineries in JapanRefinery Throughput and UtilisationNon-refinery supply by product
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Non-refinery supply by sourceNet Trade by ProductAll Supply Balances
What's included
This report contains:
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