In 2023, China's household coal consumption stood at 5.5 Ten Million Metric Tons. Starting in 2024, consumption is expected to decline annually: 5.22 in 2024, 4.96 in 2025, 4.71 in 2026, 4.45 in 2027, and 4.2 in 2028. This indicates a consistent downward trend.
Year-on-year variations:
- From 2023 to 2024: -5.09%
- From 2024 to 2025: -4.98%
- From 2025 to 2026: -5.04%
- From 2026 to 2027: -5.52%
- From 2027 to 2028: -5.62%
Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) is -5.25%.
Future trends to watch for:
- An accelerated push towards cleaner energy sources may further amplify the decline in household coal consumption.
- Government policies promoting energy efficiency and reducing carbon emissions could intensify the reduction rate.
- Technological advancements in renewable energy could become more widespread and influence household energy choices.
