The forecast for kerosene consumption in the manufacture of raw chemical materials and chemical products in China shows a significant declining trend from 2024 to 2028. Starting at 950.0 ten metric tons in 2024, it is predicted to decrease sharply to just 88.0 ten metric tons by 2028. This represents a reduction of over 90% in just five years. In 2023, the kerosene consumption was substantial, but facing such steep yearly declines, the compound annual growth rate (CAGR) over this period is highly negative.
Future trends to monitor include changes in industrial energy efficiency, technological advancements, and shifts in raw material alternatives. Additionally, policy changes regarding fossil fuel reduction could further influence kerosene consumption in the chemical manufacturing sector.
