In 2023, the actual kerosene consumption in wholesale and retail trades, hotels, and catering services in China was below 14.94 ten thousand metric tons. From 2024 to 2028, a steady but minimal increase is forecasted, with consumption rising from 14.94 to 15.06 ten thousand metric tons. Year-on-year variations indicate a consistent growth pattern, with annual increases at negligible percentages. The compound annual growth rate (CAGR) over this five-year period is anticipated to remain low, reflecting a stable demand with slight expansion.
Looking forward, key trends to monitor include advancements in energy efficiency, shifts toward sustainable alternatives, and regulatory changes that could impact kerosene usage in these sectors. Keeping an eye on China's energy policies and market innovations will be crucial for understanding future consumption dynamics.
