The forecasted gasoline consumption in China’s wholesale and retail trades, hotels, and catering services shows a gradual upward trend from 2024 through 2028, indicating a steady annual increase. In 2023, the recorded consumption stood at 317.38 ten thousand metric tons, establishing a base for successive growth. By 2025, the year-over-year growth is projected at approximately 3.21%, continuing with a moderate annual increase through 2028, reflecting a compounded annual growth rate of about 2.98% from 2024 to 2028.
Future trends to watch for include:
- Potential impacts of ESG policies and sustainability initiatives.
- Evolving transportation and tourism dynamics in China.
- Technological advancements or shifts towards alternative fuels.
- Economic factors influencing tourism and consumer spending.
