The forecast for gasoline consumption in China's food manufacturing sector from 2024 to 2028 indicates a significant decline. In 2023, the consumption stood at an estimated 2.83 ten thousand metric tons. The projected year-on-year variations are as follows: a 19.0% decrease from 2024 to 2025, 23.6% from 2025 to 2026, 30.8% from 2026 to 2027, and 44.6% from 2027 to 2028. The compound annual growth rate (CAGR) over these years is a decrease of approximately 27.3%.
Key trends to watch include the increasing adoption of renewable energy sources, technological advancements in energy efficiency within the manufacturing sector, and potential policy shifts towards reducing fossil fuel dependence. These factors may further influence gasoline consumption patterns in the future.
