Forecast: Primary Energy Consumption in China

In 2023, China's primary energy consumption stood at 160.26 Exajoules. Forecasts for the period from 2024 to 2028 show a consistent year-on-year increase in energy consumption. From 2024 to 2025, consumption is expected to increase by approximately 0.79%. The acceleration continues in subsequent years, with increases of around 0.70% from 2025 to 2026, 0.63% from 2026 to 2027, and 0.57% from 2027 to 2028.

The Compound Annual Growth Rate (CAGR) over the forecasted five-year period (2024-2028) is approximately 0.81%, highlighting a steady upward trend in energy consumption.

Future trends to watch for:

• The pace of industrial expansion in China, which will drive energy demand.

• Adoption of renewable energy sources and its impact on the overall energy consumption landscape.

• Government policies around energy efficiency and decarbonization efforts.

• Technological advancements and their potential to optimize energy use in various sectors.