Gasoline consumption in the production and distribution of water in China presented significant fluctuations over the past decade. In 2023, consumption stood at 3.8 Ten Thousand Metric Tons. Observing trends over the last two years, 2022 showed a year-on-year increase of 14.85%, while 2023 saw an 8.67% rise. The 5-year CAGR leading to 2023 was 2.73%. Moving forward, consumption is predicted to stabilize at 3.8 Ten Thousand Metric Tons annually from 2024 to 2028, with a forecasted 5-year CAGR of 0.02% and a growth rate of 0.11% over the same period.
Future trends to watch for:
- Pace of technological advancements in water production and distribution which could lead to enhanced fuel efficiency.
- Impact of government policies on the reduction of fossil fuel usage to curb environmental impact.
- Possible uptick in alternative energy sources adoption, impacting gasoline consumption patterns.