China's oil consumption in 2024 is forecasted to be 28.18 Exajoules. This represents a slight decline from 2023, though the exact consumption value for 2023 is not provided. Forecasted values for the following years show a gradual decline: 28.08 Exajoules in 2025, 27.99 Exajoules in 2026, 27.9 Exajoules in 2027, and 27.81 Exajoules in 2028. The year-on-year percentage variation shows a decreasing trend in oil consumption.
Key variations:
- 2024: -0.36%
- 2025: -0.36%
- 2026: -0.32%
- 2027: -0.32%
- 2028: -0.32%
Future trends to watch for:
- Shifts in government policies aimed at reducing carbon emissions and increasing renewable energy usage could further impact oil consumption.
- Technological advancements in energy efficiency and alternative energy sources.
- Economic factors and consumer behavior, particularly in transportation and industry sectors.
