In 2023, the average daily kerosene consumption in China stood at 13.46 million metric tons. Analyzing the forecasted data from 2024 to 2028:
- Between 2024 and 2025, the year-on-year growth is projected to be approximately 5.89%.
- Between 2025 and 2026, a further increase of around 5.57% is expected.
- From 2026 to 2027, the growth rate is expected to be about 5.27%.
- Lastly, between 2027 and 2028, the anticipated year-on-year increase is 4.95%.
Over the next five years, the compound average growth rate (CAGR) is projected to be about 6.62%.
Future trends to watch for include potential impacts of green energy policies, advancements in alternative fuels, and shifts in industrial and domestic usage patterns as China continues its efforts towards sustainability and technological innovation.
