Key information about China Oil Consumption

• China Oil Consumption was reported at 16,576.537 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 14,969.983 Barrel/Day th for Dec 2022
• China Oil Consumption data is updated yearly, averaging 2,965.072 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 16,576.537 Barrel/Day th in 2023 and a record low of 215.494 Barrel/Day th in 1965
• China Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

Oil consumption in China amounted to 16.6 million barrels per day in 2023, up from 15 million barrels daily in the prior year. Between 1990 and 2023, figures increased by more than 14 million barrels per day.

In 2023, China consumed 768.6 million metric tons of oil, while Hong Kong consumed around 13.3 million metric tons of oil. During the period under consideration, figures presented a trend of growth, with an increase of nearly 450 million metric tons. The East Asian country is the world's largest primary energy consumer.

CN: Crude Oil Consumption: Sichuan data was reported at 10.088 Ton mn in 2022. This records a decrease from the previous number of 10.248 Ton mn for 2021. CN: Crude Oil Consumption: Sichuan data is updated yearly, averaging 2.855 Ton mn from Dec 1990 (Median) to 2022, with 29 observations. The data reached an all-time high of 10.248 Ton mn in 2021 and a record low of 0.167 Ton mn in 1990. CN: Crude Oil Consumption: Sichuan data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBB: Crude Oil Consumption.

CN: Crude Oil Consumption: Industry: Mfg: Fabricated Metal Product data was reported at 0.000 Ton mn in 2018. This records a decrease from the previous number of 0.000 Ton mn for 2017. CN: Crude Oil Consumption: Industry: Mfg: Fabricated Metal Product data is updated yearly, averaging 0.000 Ton mn from Dec 1994 (Median) to 2018, with 25 observations. The data reached an all-time high of 0.006 Ton mn in 1994 and a record low of 0.000 Ton mn in 2003. CN: Crude Oil Consumption: Industry: Mfg: Fabricated Metal Product data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBB: Crude Oil Consumption.

Forecast: Crude Oil Consumption in Manufacturing in China 2023 - 2027 Discover more data with ReportLinker!

The China oil & gas market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5.5% during 2023–2031. The growth of the market is attributed to growing demand for energy with the rising population in the country.



Oil & natural gas are major industries in the energy market and play an influential role in the global economy as they are world's primary fuel sources. The processes and systems involved in producing and distributing oil & gas are highly complex, capital-intensive, and require state-of-the-art technology.

China ranks seventh in oil production and second in crude oil consumption in the world. However, higher levels of natural gas or liquefied natural gas (LNG) consumption are expected to depend on more pipeline imports from the other countries.



China began to take drastic measures with its internal oil reserve programs as domestic oil production in China supplies only two-thirds of its requirements. The estimated consumption of crude oil was about 600 million tons in 2020. As techniques for extracting and refining fossil fuels are improved, petroleum and natural gas has become sought-after resources.

Market Trends, Drivers, Restraints, and Opportunities:

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  Increasing exploration of unconventional gas resources is one of the major drivers that is contributing to the growth of the China oil & gas market.

  
  


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  Rising technological advancements has resulted in the adoption of different types of drilling for oil & gas extraction, such as horizontal and directional drilling, which is expected to augment the market growth.

  
  


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  Rising adoption of alternate transportation modes for oil & gas can restraint the market growth.</s

Forecast: Fuel Oil Consumption in China 2022 - 2026 Discover more data with ReportLinker!

This statistic outlines the oil demand in China from 2013 to 2016, with projections until 2040. It is projected that the demand for oil in China in 2030 will be some 15.7 million barrels per day.

The statistic presents the crude oil consumption in China in 2012, by sector. That year, the mining and quarrying sector in China had consumed approximately 11 million tons of crude oil.

CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data was reported at 0.000 Ton mn in 2010. CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data is updated yearly, averaging 0.000 Ton mn from Dec 2010 (Median) to 2010, with 1 observations. The data reached an all-time high of 0.000 Ton mn in 2010 and a record low of 0.000 Ton mn in 2010. CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBB: Crude Oil Consumption.

Asia Pacific is the greatest consumer of oil and oil products in the world. In 2023, the region accounted for around 38 percent of total oil demand worldwide. This was up from 31.5 percent in 2010 and largely buoyed by greater Chinese oil consumption. Oil consumption in North America, as well as in Europe, experienced a decline in the same time period.

Imports of Crude Petroleum (value) in China increased to 25692752 USD Thousand in February from 25595884 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Imports of Crude Petroleum (value).

Forecast: Crude Oil Consumption in Petroleum Refineries in China 2022 - 2026 Discover more data with ReportLinker!

In 2024, China's population consumed around 20.5 million metric tons of soybean oil. This represented a slight increase from 18.9 million metric tons in the previous year.

In April 2025, roughly ***** million metric tons of crude oil were produced in China. This was an increase compared to the same month in the previous year. Crude oil industry leaders and consumer groups China's leading oil, gas, and petrochemical companies are state-owned enterprises Sinopec and Petrochina. In 2023, they reported whopping annual revenues of around *** and *** trillion yuan, respectively. Their business performance is in part driven by increasing demand for oil and oil products by the automotive industry. With over *** million cars sold each month, automobile sales in China stimulate demand for petroleum-based motor fuels. This is also reflected in the production of refinery products, such as gasoline and diesel. China's growing appetite for primary energy As the wealth of its residents grows, so too does the country's demand for primary energy sources. In 2023, China was ranked the world's largest primary energy consumer. Crude oil consumption has been climbing continuously in the past few years, although coal remains the most dominant energy source in the country. Together, coal and oil make up the lion’s share in China’s primary energy consumption.

China: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 3285.27 thousand barrels per day, an increase from 3228.44 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for China from 1980 to 2023 is 1822.88 thousand barrels per day. The minimum value, 407.09 thousand barrels per day, was reached in 1982 while the maximum of 3538.97 thousand barrels per day was recorded in 2015.

Key information about Hong Kong SAR (China) Oil Consumption

• Hong Kong SAR (China) Oil Consumption was reported at 268.251 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 214.313 Barrel/Day th for Dec 2022
• Hong Kong SAR (China) Oil Consumption data is updated yearly, averaging 184.721 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 433.467 Barrel/Day th in 2018 and a record low of 40.612 Barrel/Day th in 1965
• Hong Kong SAR (China) Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

Forecast: Average Daily Crude Oil Consumption in China 2022 - 2026 Discover more data with ReportLinker!

The United States and China are the top largest consumers of oil in the world, totaling ********** and ************ barrels per day, respectively. In the last decade, the share of global oil consumption from Europe and North America have begun to decline, whereas consumption levels from Asia Pacific and other regions have risen. As other sources of energy become more cost effective and due to the prominence of new transportation technologies, oil consumption worldwide is expected to reach a peak in the near future. Refining oil Crude oil is refined into petroleum products, such as gasoline and diesel fuel, and used for a wide variety of products, although many refineries focus on transportation fuels. Generally, crude oil feedstocks are processed by an oil production plant and is an essential part of the downstream petroleum industry.