In 2023, the direct transfer of all fossil fuels for the residential sector in China was below the forecasted 2024 value of 252.77 million USD, constant at 2020. The data shows a progressive increase in direct transfers over the subsequent years up to 2028, signaling consistent growth. The expected rise from 2024 to 2025 is 7.7%, and from 2025 to 2026 is another 7.2%, continuing a steady upward trend with a CAGR of 7.1% from 2024 to 2028.
Future trends to watch for include potential policy shifts towards renewable energy that could impact fossil fuel subsidies, economic growth rates influencing residential energy demand, and international energy price fluctuations that may alter transfer values.
