Forecast: Energy Consumption in Wholesale, Retail Trade and Hotel, Restaurants in China

Energy consumption in China's Wholesale, Retail Trade, and Hotel, Restaurants sectors has displayed a notable upward trend from 2013, with a consistent increase per year. By 2023, energy consumption stood at 14.66 million tons of standard coal equivalent. From 2013 to 2023, the year-on-year variations and CAGR show a steady growth pattern albeit with minor fluctuations, such as in 2020 when a decline of 3.33% was observed. However, the overall long-term trend indicates growth.

Recent data analysis indicates:

• Year-on-Year increase of 3.17% in 2023.
• 5-year CAGR leading up to 2023 was 2.44%.
• Forecasted 5-year CAGR from 2024 to 2028 is 2.2%.
• Projected total growth rate of 11.51% from 2024 to 2028.

Future trends to watch for include advancements in energy-efficient technologies, regulatory changes impacting energy standards, and the potential economic shifts affecting the Wholesale, Retail Trade, and Hospitality sectors. Monitoring these factors will be crucial for anticipating future consumption patterns.