The natural gas consumption in the manufacture of foods in China has shown consistent growth. In 2023, the consumption stood at 36.00 hundred million cubic meters. From 2024 to 2028, the forecasted values indicate a year-on-year growth of 7.59%, 7.73%, 7.14%, and 6.20% respectively. Over the last two years (2022-2023), variations were witnessed due to various market dynamics. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 averages to around 6.97%, showcasing a robust upward trend in natural gas usage in this sector.
Future trends to watch for include potential changes in energy policies, advances in food manufacturing technologies that could improve energy efficiency, and the impact of sustainable practices on natural gas consumption. Additionally, economic factors and supply chain developments may significantly influence these forecasts.
