Analyzing the data on gasoline consumption for recycling and disposal of waste in China reveals a significant decline over recent years. From 2013 to 2023, the consumption decreased sharply from 630 ten unit metric tons to 200 ten unit metric tons. The year-on-year variation highlights major downturns, notably in 2019 and 2020, with decreases of 29.55% and 22.58%, respectively. The Compound Annual Growth Rate (CAGR) across this period is -14.93%, indicating a continuous reduction in gasoline use.
Looking at the forecast from 2024 to 2028, the consumption is anticipated to drop further, reaching 120 ten unit metric tons by 2028. This suggests a forecasted 5-year CAGR of -7.74%, with an overall growth rate decline of -33.14%.
Future trends to watch for include advances in more energy-efficient recycling technologies, potential shifts towards cleaner energy sources, and increased environmental regulations which could further decrease gasoline consumption in this sector.
