In 2023, China's average per capita petroleum consumption stood as the most current base figure. The forecast data from 2024 to 2028 indicates a steady year-on-year increase in petroleum consumption, with growth rates ranging from around 2.6% to 2.7%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 2.7% annually, reflecting consistent expansion in energy demand as China continues to industrialize and urbanize.
Future trends to watch for include changes in government energy policies, development of renewable energy infrastructure, and shifts in global oil prices, which could all influence China's petroleum consumption patterns in the coming years.
