The data indicates a steady increase in kerosene consumption within China's farming, forestry, animal husbandry, fishery, and water conservancy sectors, growing from 14.24 in 2024 to 15.56 by 2028, marked in ten thousand metric tons. This consistent growth exhibits an annual increment in consumption, suggesting a robust demand trajectory.
The year-on-year growth from 2024 to 2025 is 3.1%; 2025 to 2026 is 2.45%; 2026 to 2027 is 1.93%; and from 2027 to 2028 is 1.50%. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 2.24%, highlighting steady expansion.
Future trends to watch:
- Innovation in energy-efficient technology to potentially moderate demand.
- Government policies promoting sustainable practices could affect kerosene consumption dynamics.
- Fluctuations in global oil prices might impact the affordability and usage of kerosene.