The forecast for kerosene consumption in Transport, Storage, and Post in China shows a steady increase: in 2024, consumption is anticipated at 4.77 ten million metric tons, rising to 5.03 in 2025, 5.28 in 2026, 5.54 in 2027, and 5.79 in 2028. Compared to the actual data from 2023, we see an anticipated increase in consumption. Year-on-year, the consumption is expected to grow by approximately 5.5% from 2024 to 2025, with similar annual increases following suit. The compound annual growth rate (CAGR) indicates an average annual growth of around 5.5% from 2024 to 2028.
Future trends to watch for include advancements in transportation technology, shifts towards more sustainable energy sources, and potential economic fluctuations that could influence kerosene demand. Monitoring regulatory policies and global oil market trends will also be crucial in understanding long-term consumption patterns.
