Forecast: Diesel Oil Consumption in Agriculture, Forestry, Animal Husbandry, Fishery and Water Conservancy in China

In 2023, diesel oil consumption in China's agriculture, forestry, animal husbandry, fishery, and water conservancy sectors was approximately in line with current levels, set to reach 1.58 (10 million metric tons) in 2024. This forecast indicates a steady annual growth rate of 1.25%, rising incrementally by 0.02 each year to 1.66 by 2028. Over five years, the compound annual growth rate (CAGR) remains modest, reflecting consistent consumption patterns.

Future trends might include:

  • Technological innovations, potentially affecting diesel demand.
  • Government policy shifts towards renewable energy sources could alter consumption patterns.
  • Economic factors influencing production processes in these sectors.

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