In 2023, diesel oil consumption in the manufacture of electrical machinery and equipment in China stood at an unstated historical level. From 2024 to 2028, consumption is forecasted to decline gradually from 9.66 to 9.23 Ten Thousand Metric Tons, marking a steady decrease each year.
Key variations include:
- Year-on-year reduction: 2024-2025 (1.45%), 2025-2026 (1.26%), 2026-2027 (1.06%), 2027-2028 (0.75%)
- CAGR (2024-2028): -1.14%
Future trends to watch for include the impact of China's commitment to carbon neutrality and technological advancements promoting energy efficiency, potentially accelerating the decline in diesel consumption.
