In 2023, natural gas consumption in China's mining and processing of non-metal ores stood lower than the 8.5 hundred million cubic meters forecasted for 2024. The year-on-year projections indicate significant growth with an average increase of around 10-12% annually through 2028. This results in a compound annual growth rate (CAGR) suggesting robust demand in this sector.
Future trends to watch include:
- Technological advancements in mining and processing, which may impact natural gas consumption.
- Government policies promoting clean energy that could boost natural gas demand.
- Market dynamics affecting the overall demand for non-metal ores.