In 2023, the volume of petroleum, natural gas, and their products handled in China's main coastal ports stood at approximately 129 million metric tons. From 2024 to 2028, a steady increase is forecasted, rising from 134.64 million metric tons to 157.32 million metric tons. Year-on-year growth shows consistent improvements, reflecting a stable upward trajectory. The compound annual growth rate (CAGR) over the five-year forecast period suggests an average annual increase of roughly 4%.
Future trends to watch include:
- Technological advancements in logistics and port management enhancing capacity and efficiency.
- Environmental policies impacting fossil fuel usage and imports.
- Shifts in global energy demand and geopolitical influences affecting import patterns.
- Investments in renewable energy potentially altering the composition of energy imports.