The average annual kerosene consumption for households in China is forecasted to decrease gradually from 22.72 in 2024 to 21.71 ten thousand metric tons by 2028. The year-on-year variations show consistent declines, indicative of a diminishing reliance on kerosene. Compared to 2023, kerosene consumption was recorded at a higher level, marking a transition phase towards alternative energy sources. The compound annual growth rate (CAGR) over the next five years shows a negative trend, suggesting a steady reduction in kerosene dependence.
Future trends to watch for include:
- Increased adoption of renewable energy sources in households.
- Government policies promoting cleaner energy alternatives.
- Technological advancements improving energy efficiency.
