In 2024, China's natural gas consumption in smelting and pressing of non-ferrous metals is forecasted to be 44.82 hundred million cubic meters. This reflects a decline from 2023 when the actual consumption stood higher. Year-on-year, the forecasted consumption decreases: by 2.48% in 2025, 2.03% in 2026, 1.63% in 2027, and 1.35% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual reduction of 1.65% in natural gas consumption.
Future trends to watch for include:
- Technological advancements in metallurgical processes aiming for energy efficiency.
- Policy shifts towards renewable energy impacting natural gas dependency.
- Fluctuations in global metal markets affecting production level and energy demand.