Fuel oil consumption in the recycling and disposal of waste in China experienced significant fluctuations between 2013 and 2023, standing at 2220 Ten Unit Metric Tons (TUMT) in 2023. Notable trends include dramatic increases in 2014 and 2017, and steep declines in 2015 and 2018. The past two years showed positive year-on-year variations: 25.64% in 2022 and 15.91% in 2023. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 averaged 18.7%, indicating strong growth despite earlier volatility.
Future trends are expected to be more stable, with a forecasted CAGR of 2.82% from 2024 to 2028. By 2028, consumption is predicted to reach 2650 TUMT, reflecting a 14.94% total growth over the forecast period. Key factors warranting attention include regulatory changes, advancements in waste management technologies, and economic factors influencing industrial fuel consumption.
