Japan Jet Kerosene Market was valued at USD 3 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
Japan's jet kerosene market is undergoing significant transformations, influenced by supply shortages, sustainability initiatives, and evolving industry demands. Understanding these changes is crucial for stakeholders navigating this complex landscape.
In recent years, Japan has faced notable jet fuel shortages. In December 2023, demand peaked at 271.4 thousand barrels per day, leading to strategic measures to enhance import capabilities and logistics. This proactive approach aimed to address the supply-demand imbalance and ensure operational continuity in the aviation sector. citeturn0search1
Japan's commitment to decarbonization has led to a projected annual decline of 2.2% in jet fuel demand over the next five years. This shift is driven by the adoption of cleaner energy alternatives and the integration of Sustainable Aviation Fuel (SAF). Notably, Cosmo Oil has set an ambitious goal to supply 300,000 kiloliters of SAF annually by 2030, aligning with the government's target to replace 10% of traditional jet fuel with SAF by the same year. citeturn0search0
To mitigate supply shortages, the Japanese government has implemented several measures:
Refinery Capacity Adjustments: Refiners have been exempted from increasing production capacity during maintenance periods, allowing them to compensate for capacity losses and maintain jet fuel supply. citeturn0search2
Direct Imports: Initiatives to import jet fuel directly to major airports, such as Narita, have been introduced. The first cargo, equivalent to supply for 300 Asia-bound flights, arrived in July 2024. citeturn0search2
Enhanced Transportation Logistics: Efforts to increase tank truck capacity and convert ocean liners into coastal tankers are underway to improve domestic jet fuel distribution. citeturn0search2
The Asia-Pacific region's jet fuel market is experiencing downward pressure due to regional oversupply and economic uncertainties. Despite high air travel demand, increased global refining capacity has led to lower prices and pressured margins. Japan's jet fuel prices, linked to the Singapore benchmark, are projected to drop to USD100 per barrel in 2024 and USD92.3 per barrel in 2025. citeturn0search1
Reflecting on these developments, it's evident that Japan's aviation industry is at a pivotal juncture. The concerted efforts to integrate SAF and enhance supply logistics demonstrate a commitment to sustainability and resilience. However, balancing environmental goals with economic realities remains a complex challenge that requires continuous innovation and collaboration.
In conclusion, Japan's jet kerosene market is navigating a period of significant change. Supply challenges, sustainability initiatives, and evolving industry requirements are reshaping the landscape, necessitating adaptive strategies from all stakeholders involved.
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Oil Corporation Ltd
Qatar Jet Fuel
Birmingham Fuel Oils
Allied Aviation Services
Bharat Petroleum
U & A Promotion
Propel Holdings Ltd
Carrington Investment
K & S Financial Group
Trans Oil
Air BP
Chevron
Exxon Mobil
Shell
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Jet Kerosene Market
Jet A
Jet A-1
Jet B
TS-1 (Turkish Standard)
Jet A-1 + (Special Grades)
Civil Aviation
Commercial Aviation
Military Aviation
Charter Services
Freight and Cargo Operations
Direct Sales from Refineries
Distributors and Wholesalers
Online Platforms
Retail Outlets
Fuel Farms
Bulk Storage Facilities
Pipeline Transportation
Tank Trucking
Railway Transportation
Marine Transportation
Commercial Operations
Private Operations
Military Operations
Emergency Operations
Test and Research Flights
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Jet Kerosene Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Jet Kerosene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Jet Kerosene Market, By Type
6. Japan Jet Kerosene Market, By Application
7. Japan Jet Kerosene Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Jet Kerosene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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