The forecast for kerosene consumption in the manufacture of medicines in China remains stable from 2024 to 2028, each year projected at 17.0 metric tons. In 2023, actual consumption was consistent with the forecasted figures, reflecting no year-on-year variation over recent years. The five-year Compound Annual Growth Rate (CAGR) therefore indicates zero growth, as consumption levels are stable with no expected increase or decrease.
Future trends to watch for include:
- Potential shifts in manufacturing processes in the pharmaceutical industry that could impact kerosene usage.
- Technological advancements that may alter fuel requirements.
- Regulatory changes related to environmental goals that might influence kerosene consumption.