Kerosene consumption in China increased consistently from 2013 through 2019, peaking in 2019 at 39.5 million metric tons. The initial decline in 2020 can be attributed to external factors such as the pandemic, followed by a rebound to 39.5 million metric tons in 2021. By 2023, kerosene consumption reached 48.8 million metric tons, indicating a robust recovery with notable year-on-year variations. For the last five years, the CAGR stood at 5.98%, demonstrating moderate, steady growth despite occasional setbacks.

Future trends to watch for include:

A consistent increase in kerosene consumption, with forecasts projecting it to reach 63.7 million metric tons by 2028.
The forecasted CAGR for the upcoming 5 years is 4.19%, reflecting a strong growth rate of 22.79% over this period.
Potential impacts of technological advances and policy changes in the energy sector, which may shift consumption patterns.