Forecast: Natural Gas Consumption in Processing of Timber, Manufacture of Wood, Bamboo, Rattan, Palm and Straw Products in China

The forecast for natural gas consumption in the processing and manufacturing of timber and similar products in China from 2024 to 2028 shows a steadily increasing trend. In 2023, the actual consumption stood at around 3.50 hundred million cubic meters. Comparing the forecasted data, consumption is expected to increase at a year-on-year rate of approximately 1.7% from 2023 to 2024, and continue with a steady upward trend averaging about 1.6% annually over the subsequent years. The compound annual growth rate (CAGR) over these five years is approximately 1.64%.

Future trends to watch for include:

  • Potential shifts in technology and energy efficiency in the manufacturing process.
  • Changes in policy regarding energy sources and emissions in China that might impact natural gas usage.
  • Developments in alternative materials which might affect demand for traditional wood-based products.

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