In 2023, the consumption of natural gas in manufacturing in China stood at 1.68 Hundred Billion Cubic Meters. Based on the forecasts, natural gas consumption is expected to grow from 1.75 in 2024 to 1.86 by 2028 in Hundred Billion Cubic Meters.
- From 2023 to 2024, there is an estimated year-on-year increase of 4.17%.
- From 2024 to 2025, the forecasted growth rate is 2.29%.
- From 2025 to 2026, the consumption is expected to rise by 1.68%.
- From 2026 to 2027, it shows a slight increase of 1.10%.
- From 2027 to 2028, the expected growth is 1.09%.
- Over the forecast period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) stands at approximately 2.03%.
Future trends to watch for may include the impact of China's policy shifts towards renewable energy, advancements in energy efficiency, and potential economic shifts that could either expedite or hinder the demand for natural gas in manufacturing. Monitoring these factors will be critical for anticipating changes in natural gas consumption patterns.
