In 2023, natural gas consumption in the manufacture of metal products in China was approximately 111.81 hundred million cubic meters. Forecasts indicate a consistent upward trend from 2024 to 2028, beginning at 121.19 and growing to 166.77 hundred million cubic meters, reflecting a compound annual growth rate (CAGR) of about 8.1%. The year-on-year growth rates are expected to average around 9.3%, showing a robust increase in demand.

The following trends should be watched:

China’s transition to cleaner energy sources, driving increased natural gas consumption.
Impact of energy policy reforms and economic conditions on natural gas demand.
Technological advancements affecting energy efficiency in metal product manufacturing.