In 2023, natural gas consumption in China's printing and reproduction of recording media sector stood at approximately 4.25 hundred million cubic meters. The forecasts from 2024 to 2028 suggest a gradual decline, indicating a decreasing trend in consumption. Specifically, the year-on-year variations from 2024 to 2028 show a consistent reduction, averaging around -1.2% per annum. Over the five-year forecast period, the compound annual growth rate (CAGR) is negative, reflecting a shift towards more sustainable or alternative energy sources and perhaps efficiency improvements in the industry.
Future trends to watch for include the industry's adaptation to digitalization, which could further decrease dependency on traditional energy sources like natural gas. Additionally, China's environmental policies may continue to promote renewable energy adoption, influencing consumption patterns.
