Kerosene exports in China have shown considerable growth from 2013 to 2023, standing at 22,100,000 Metric Tons in 2023. After recording a peak performance in 2019, the exports registered a sharp decline in 2020. However, the subsequent recovery has been robust, particularly with a significant growth of 25.8% and 17.41% year-on-year increase over the last two years. The CAGR over the last five years stands at a solid 8.55%. The forecast for the next five years suggests a moderated yet steady growth rate, projecting a 4.46% CAGR with an overall growth of 24.39% by 2028.
Future trends to watch for include:
- Adjustments in global energy policies mitigating demand.
- Advancements in alternative energy sources impacting kerosene demand.
- Geopolitical influences on export capabilities and global trade agreements.
- Technological innovations in extraction and production enhancing efficiency.
