In 2023, kerosene consumption in the electric power, gas, and water production and supply sector in China stood at a specific base value. Forecast data suggests incremental growth with consumption expected to reach 1.36 by 2024, climbing steadily to 1.66 by 2028, measured in ten thousand metric tons. This indicates a gradual upward trend over the forecast period.
Year-over-year, the sector will see growth rates approximating 5.88% in 2025, 4.86% in 2026, 5.30% in 2027, and 4.40% by 2028. The compound annual growth rate (CAGR) across this period is approximately 5.38%.
Looking ahead, expect increased demand driven by the growth in electric power and gas sectors, as well as developments in environmental and energy-related policies. Key factors will include regulatory impacts, technological advancements, and shifts towards cleaner energy sources. Monitoring these variables is crucial for understanding future consumption trends within this sector.
