In 2023, coal consumption in China's wholesale and retail trades, hotels, and catering services stood at 2.58 ten million metric tons. From 2024 to 2028, consumption is projected to increase steadily from 2.65 to 2.91 ten million metric tons. Year-on-year, this reflects an average percentage increase of approximately 2.2% annually. The compound annual growth rate (CAGR) over the five-year period is expected to be around 2.4%.
Future trends to watch for include:
- Potential policy changes aimed at reducing coal reliance and promoting cleaner energy.
- Technological advancements leading to more efficient coal use.
- Shifts in consumer behavior and industrial demand affecting energy consumption patterns.