The data on kerosene available for consumption in China indicates a strong growth trend over the past decade, peaking at 4.98 million metric tons in 2023. Despite a pandemic-induced dip in 2020, where availability fell by 14.75%, the market quickly rebounded with a 17.82% increase in 2021. Year-on-year variation for 2022 was 12.56%, and 2023 saw a 10.09% increase. The compounded annual growth rate (CAGR) from 2019 to 2023 stands at 6.05%.

Looking ahead, the forecast anticipates continued growth, with projected availability reaching 6.53 million metric tons by 2028. The forecasted 5-year CAGR is 4.27%, signifying a steady albeit slower growth rate compared to previous years, with an expected overall growth rate of 23.23% over five years.

Future trends to watch for:

Potential fluctuations due to geopolitical factors affecting oil supply.
Impact of environmental regulations on kerosene production and consumption.
Technological advancements in alternative energy sources reducing dependency on kerosene.