In 2023, kerosene consumption in the mining and processing of non-ferrous metal ores in China is estimated at 400.0 metric tons. The forecasted data from 2024 to 2028 shows a steady decline from 380.0 to 310.0 metric tons, reflecting a broader trend of decreasing kerosene usage. Year-on-year variations exhibit negative trends: a -5.3% decrease from 2024 to 2025, -5.6% from 2025 to 2026, -2.9% from 2026 to 2027, and -6.1% from 2027 to 2028. The compound annual growth rate (CAGR) over these years is approximately -4.8%, indicating a consistent downward trajectory.
Future trends to watch for include advancements in alternative energy sources, such as solar or electric-powered technologies, which may further reduce reliance on kerosene. Additionally, policy changes aiming to reduce carbon emissions could accelerate this decline. Companies in this sector should prepare for potential shifts towards more sustainable practices to stay competitive.
