In 2023, China's average annual coal consumption for households was approximately 5.5 ten million metric tons. The forecasted data from 2024 to 2028 shows a declining trend, with coal consumption decreasing from 5.22 to 4.2 ten million metric tons. This represents a year-on-year decline in consumption by about 5% from 2024 to 2028, with a Compound Annual Growth Rate (CAGR) of approximately -5.5% over these years.
Future trends to watch for:
- Continued government emphasis on renewable energy and reducing carbon emissions, possibly accelerating the decline in coal usage.
- Impact of technological advancements in energy efficiency, affecting household energy consumption patterns.
- Potential policy changes impacting coal production or pricing, influencing demand.