Forecast: Fuel Oil Consumption in Manufacture of Leather, Fur, Feather and Related Products in China

In 2023, the fuel oil consumption in the manufacture of leather, fur, feather, and related products in China was significantly higher compared to the forecasted figures for 2024 onwards. The forecast shows a declining trend in consumption from 2024 to 2028. Year-over-year, fuel oil usage is set to decrease by approximately 21.4% from 2024 to 2025, 17.3% from 2025 to 2026, 19.8% from 2026 to 2027, and 19.2% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to showcase an average annual decline of approximately 19.2%.

Future trends to watch for include:

  • Adoption of more sustainable energy sources by manufacturers as environmental regulations tighten.
  • Technological advancements that may enhance energy efficiency in production processes.
  • Potential shifts in global demand affecting production scales and resource utilization.

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