Over the past decade, China's kerosene imports have shown a mixed trend. From 2013 to 2014, imports fell sharply by 38.1%, followed by further declines in 2015. There were minor fluctuations between 2016 and 2019, with a significant drop in 2020 by 27.52%, likely due to the pandemic's impact. Rebound trends emerged in 2021 and 2022, showing growth rates of 21.1% and 10.19% respectively. The year-on-year growth for 2023 was 6.34%, bringing imports to 377.45 ten thousand metric tons.
The forecast from 2024 to 2028 indicates a stabilizing trend with minimal annual increases, indicated by an average CAGR of 0.24% and expected values rising slightly each year, culminating in 383.71 ten thousand metric tons in 2028.
Future Trends to Watch:
- Impacts of renewable energy adoption on kerosene demand.
- Regulation changes concerning kerosene imports and usage.
- Technological advancements in refining and utilization efficiency.
- Global market and geopolitical factors affecting supply chains.
