Gasoline consumption in the Transport, Storage, and Post sector in China experienced fluctuations from 2013 to 2023. In 2023, it stood at 71.2 million metric tons, reflecting notable growth from 2013's 43.8 million metric tons. Year-on-year variations and CAGRs highlight periods of significant growth, such as 2013 (+15.98%) and 2015 (+13.75%), interspersed with slower growth years and a notable drop in 2020 (-10.75%) due to global events. The average annual growth over the past five years (2018-2023) indicates a steady, albeit modest, increase at 3.26% per year.
Looking forward, the forecast for 2024 to 2028 anticipates a continued upward trend, albeit at a slower pace, with a forecasted 2.75% CAGR. Vigilance is required in monitoring emerging trends such as the adoption of electric vehicles, shifts in governmental environmental policies, and advancements in fuel efficiency, which can significantly impact future gasoline consumption patterns.
