In 2023, the volume of in-port petroleum, natural gas, and their products handled in China's main coastal ports stood at a significant level. From 2024 to 2028, this volume is forecasted to exhibit a steady year-on-year growth, reaching 116.24 ten million metric tons by 2028. The year-on-year variations indicate consistent percentage increases, reflecting a strong upward trend in the sector.
The compound annual growth rate (CAGR) over the 2024-2028 period underscores a stable average annual increase. Given the strategic significance of energy resources, these forecasts suggest robust infrastructural and economic developments contributing to China's growing port capacities.
Future trends to watch for include advancements in port technology, improvements in energy efficiency, and potential impacts of global energy transitions, all of which could influence volume handling capabilities and further growth in the sector.
