The gasoline consumption in China's wholesale, retail trade, and hotel and restaurants sector is projected to increase from 329.22 Ten Thousand Metric Tons in 2024 to 371.63 in 2028, indicating stable growth. From 2025 to 2027, the sector sees an annual growth of approximately 3.16% in gasoline consumption. A consistent upward trend is observable into 2028, with an overall compound annual growth rate of 3.07% from 2024 to 2028. In 2023, the consumption stood lower, marking a recovery trend in the post-pandemic market environment.
Future trends to watch for include:
- Rising electric vehicle adoption that might impact gasoline usage.
- Policies promoting cleaner energy, potentially reducing fossil fuel demand.
- Growing tourism boosting the hospitality sector’s gasoline needs.
