Natural gas exports in China have experienced significant fluctuations over the past decade. In 2023, the exports stood at 40.66 hundred million cubic meters, showing a year-on-year increase of 1.83%, following a similar trend from 2022. The last two years exhibited relatively stable growth, but the period from 2020 to 2021 saw a marked decline of 24.62% after a notable surge of 44.44% from 2019 to 2020. The compound annual growth rate (CAGR) over the past five years was 3.87%.
Looking ahead, the forecast anticipates steady growth, with the value expected to reach 44.22 hundred million cubic meters by 2028. The forecasted CAGR for the next five years is 1.34%, indicating a more moderate expansion compared to previous years.
Future trends to watch for:
- China's policy adjustments regarding energy exports and imports.
- Global demand fluctuations impacted by geopolitical scenarios.
- Technological advancements in natural gas extraction and processing.
- Economic shifts that could influence energy consumption patterns globally.
