Fuel oil consumption in the production and distribution of water in China has seen significant variations over the years. From 2013 to 2023, consumption initially increased, peaking in 2017 and 2018 at 100.0 Ten Unit Metric Tons. A decline followed, hitting 60.0 in 2020, before rising to 93.0 by 2023. The year-on-year variation in 2023 was 8.14%, while the 5-year CAGR stands at -1.44%. The forecast projects a slight year-on-year increase of 1.06% on average from 2024 to 2028, culminating at 95.0 Ten Unit Metric Tons by 2028. The forecasted 5-year CAGR is 0.43%, indicating stable, modest growth.
Future Trends to Watch For:
- Technological advancements aimed at reducing fuel oil dependency
- Government policies influencing alternative energy resources
- Global fuel oil price fluctuations impacting consumption patterns
- Sustainability initiatives enhancing eco-friendly water distribution methods