The kerosene consumption in China for wholesale, retail trade, and hotels and restaurants demonstrates a fluctuating trend over the past decade. From 2013 to 2019, consumption increased gradually but experienced significant growth fluctuations, notably with a 36.9% increase in 2018. In 2023, the consumption reached 14.86 thousand metric tons. Forecasted data from 2024 to 2028 indicates a stable upward trend with a compound annual growth rate (CAGR) of 0.16%, suggesting modest growth by 2028.
The key future trends to watch for include:
- Monitoring changes in demand within the hospitality and retail sectors as they adapt to economic shifts and consumer preferences.
- Evaluating the impact of sustainable energy initiatives and regulations that may influence the consumption of kerosene.
- Considering technological advancements and innovations that could lead to more efficient energy utilization in the relevant industries.
