Over the years, energy consumption in biodiesel production in China has shown significant fluctuations. From 2013 to 2014, there was a steady increase, but a sharp decline occurred in 2015. A recovery phase followed from 2016 to 2017, peaking in 2017 before another drop in 2018. Since then, there has been an overall upward trend with minor yearly variations. In 2023, energy consumption stood at 787.71 thousand tonnes of oil equivalent, indicating a 3.14% year-on-year increase from 2022 and reflecting a 3.9% CAGR over the past 5 years.
Future projections estimate a consistent rising trend until 2028, with an average growth rate of 11.62% over these years and a forecasted 5-year CAGR of 2.22%. This reflects continued recovery and growth potential in the sector.
Future trends to watch for include advancements in biodiesel production technology, government policies on renewable energy, and potential fluctuations in raw material availability which could impact production efficiency and energy consumption.
