In 2023, gasoline production in China stood at 16.25 ten million metric tons. The forecasted data for subsequent years indicates a steady growth in gasoline production. In 2024, production is expected to be 16.76 ten million metric tons, marking an increase of 3.14%. This trend continues with a 3.28% increase in 2025, reaching 17.31 ten million metric tons, and a 3.12% rise in 2026 to 17.85 ten million metric tons. For 2027 and 2028, the anticipated production values are 18.39 and 18.92 ten million metric tons, reflecting year-on-year increases of 3.02% and 2.87%, respectively. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 3.09%.
Future trends to watch for include the potential impact of China's energy policies, shifts towards renewable energy sources, and technological advancements in fuel efficiency. Additionally, market dynamics such as changes in global oil prices and domestic economic conditions will play crucial roles in shaping the trajectory of gasoline production.
