Petroleum consumption for heating in China is forecasted to increase from 709.25 ten thousand metric tons in 2024 to 796.13 ten thousand metric tons in 2028. This represents year-on-year increases of approximately 3.08% from 2024 to 2025, 2.98% from 2025 to 2026, 2.88% from 2026 to 2027, and 2.78% from 2027 to 2028. Analyzing the compound annual growth rate (CAGR) over the period from 2024 to 2028 shows an average annual growth rate of approximately 2.93%.
Key future trends to watch for include advancements in alternative heating technologies, government policies promoting renewable energies, and fluctuations in global oil prices. The interplay of these factors could significantly influence the trajectory of petroleum consumption in heating.
