In 2023, natural gas consumption in China's wholesale, retail trade, and hospitality sectors stood at 66.29 hundred million cubic meters. From 2024 onwards, we see a steady annual increase: 67.09 in 2024, 67.97 in 2025, reaching 70.43 by 2028. The year-on-year growth fluctuates around 1-1.2%, reflecting a moderate upward trend. The compound annual growth rate (CAGR) for 2024 to 2028 is approximately 1.5%, suggesting consistent growth in usage as sectors expand.
Future trends to watch include potential shifts in government energy policies towards sustainability, which could impact demand, and technological innovations that might alter consumption patterns within these sectors.
