In 2023, China's non-metallic minerals consumption stood at 75.60 (assuming this as the base value for contextual continuity). As we move into the forecasted period, the consumption value shows a steady annual increase: 75.83 in 2024, 76.06 in 2025, 76.29 in 2026, 76.51 in 2027, and 76.72 in 2028.
Year-on-year percentage growth from 2024 to 2025 is approximately 0.30%, from 2025 to 2026 is around 0.30%, from 2026 to 2027 is about 0.29%, and from 2027 to 2028 is roughly 0.27%. The average growth for the five-year period, or CAGR, stands calculated at around 0.28% annually.
Future trends to watch for include potential shifts in demand due to technological advancements in construction materials, government policy changes aimed at sustainable building practices, and broader economic factors influencing industrial production and urbanization rates. Monitoring these factors will be crucial for accurate long-term forecasting in non-metallic mineral consumption.
