The forecast for diesel oil consumption in the farming, forestry, animal husbandry, fishery, and water conservancy sectors in China predicts a gradual annual increase. The consumption is expected to grow from 1.63 ten million metric tons in 2024 to 1.74 ten million metric tons by 2028. This reflects a year-on-year growth of approximately 1.8%. Assuming a slight increase over previous years, 2023 consumption was likely in the range of 1.60 ten million metric tons. The compound annual growth rate over the past five years is about 1.8%, signaling steady demand growth in these industries.
Future trends to watch for include potential shifts towards more sustainable energy sources, which could mitigate diesel consumption growth. Technological advancements and government policies promoting energy efficiency and emission reduction could further influence future diesel demand in these sectors.
