Forecast: Gasoline Consumption in Industry in China

The forecast for gasoline consumption in the industry in China shows a decreasing trend from 2024 to 2028. Starting at 180.26 ten thousand metric tons in 2024, this figure is expected to decline to 146.78 ten thousand metric tons by 2028. This represents a year-on-year decrease, with an average annual decline rate (CAGR) over these five years. In 2023, actual gasoline consumption stood slightly higher, underscoring the consistent drop anticipated in the upcoming years.

Future trends to watch for include:

  • Increased efficiency in industrial processes reducing gasoline usage.
  • Potential shifts towards alternative energy sources as China aims to enhance sustainability.
  • Influence of governmental policies and economic factors on industrial fuel consumption.

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