Commodity Market Report

Japan product markets long-term outlook H2 2019

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23 January 2020

Japan product markets long-term outlook H2 2019

Report summary

Japan had a deficit of around 576 kb/d of supply of total products versus demand in 2018. The overall deficit position is skewed by large deficits in LPG and naphtha while gasoline, diesel/gasoil and fuel oil were in surplus. Oil product demand has declined by more than 600 kb/d over the past decade to fall to 3.8 million b/d in 2018. 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 2040. Demand reaches 2.8 million b/d in 2040.

Table of contents

Tables and charts

This report includes 6 images and tables including:

  • Refineries in Japan
  • Refinery throughputs and utilisation
  • Non-refinery supply by product
  • Non-refinery supply by source
  • Historical net product trade
  • Product balances – all supply versus demand

What's included

This report contains:

  • Document

    Japan.xlsx

    XLSX 2.11 MB

  • Document

    Japan product markets long-term outlook H2 2019

    ZIP 3.28 MB

  • Document

    Japan product markets long-term outlook H2 2019

    ZIP 3.28 MB