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

Asia Pacific is the greatest consumer of oil and oil products in the world. In 2024, the region accounted for around ** percent of total oil demand worldwide. This was up from **** 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.

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.

CN: Crude Oil Consumption: Industry: Mining: Ferrous Metal data was reported at 0.000 Ton mn in 2012. This records a decrease from the previous number of 0.001 Ton mn for 2011. CN: Crude Oil Consumption: Industry: Mining: Ferrous Metal data is updated yearly, averaging 0.000 Ton mn from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 0.124 Ton mn in 1997 and a record low of 0.000 Ton mn in 2010. CN: Crude Oil Consumption: Industry: Mining: Ferrous Metal 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.

China Crude Oil Consumption: Industry: Mfg: Non Ferrous Metal Smelting and Pressing data was reported at 0.003 Ton mn in 2022. This records an increase from the previous number of 0.002 Ton mn for 2021. China Crude Oil Consumption: Industry: Mfg: Non Ferrous Metal Smelting and Pressing data is updated yearly, averaging 0.004 Ton mn from Dec 1985 (Median) to 2022, with 36 observations. The data reached an all-time high of 0.223 Ton mn in 1986 and a record low of 0.000 Ton mn in 1991. China Crude Oil Consumption: Industry: Mfg: Non Ferrous Metal Smelting and Pressing 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.

The consumption of oil has steadily increased over the last three decades, totaling ************ metric tons in 2024, compared to ************ metric tons consumed the previous year. The only decline during this period was observed around the 2008-2009 financial crisis and around the 2020 coronavirus pandemic. Regional oil consumption The United States and China are the countries with the highest oil consumption. Overall, oil consumption worldwide reached a new high in 2023, when it exceeded *********** metric tons for the first time. However, this growth in consumption was the highest in Asia Pacific, where figures went up by some *** percent. In the United States, high consumption levels were held up by demand for petrochemicals as well as increased industrial production and demand for transportation by trucks. What is crude oil? Crude oil is a mixture of hydrocarbons from plant animal life that was formed under immense pressure. It generally exists in liquid form and can be found in underground pools or reservoirs, in small spaces within sedimentary rocks, and near the Earth’s surface as a tar (also known as oil sands). In turn, crude oil and other hydrocarbons in natural gases are refined to form petroleum products such as gasoline and jet fuel.

CN: Fuel Oil Consumption: Yunnan data was reported at 0.001 Ton mn in 2022. This records an increase from the previous number of 0.000 Ton mn for 2021. CN: Fuel Oil Consumption: Yunnan data is updated yearly, averaging 0.032 Ton mn from Dec 1990 (Median) to 2022, with 29 observations. The data reached an all-time high of 0.112 Ton mn in 2000 and a record low of 0.000 Ton mn in 2020. CN: Fuel Oil Consumption: Yunnan 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: Fuel Oil Consumption.

Crude Oil Consumption: Fujian data was reported at 25.810 Ton mn in 2022. This records a decrease from the previous number of 28.397 Ton mn for 2021. Crude Oil Consumption: Fujian data is updated yearly, averaging 5.483 Ton mn from Dec 1995 (Median) to 2022, with 28 observations. The data reached an all-time high of 28.397 Ton mn in 2021 and a record low of 2.250 Ton mn in 1995. Crude Oil Consumption: Fujian 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.

Oil consumption in China amounted to **** million barrels per day in 2024, slightly down from **** million barrels daily in the prior year. Between 1990 and 2024, figures increased by more than ** million barrels per day.

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.

China Fuel Oil: Consumption: Final: Industry data was reported at 4.889 Ton mn in 2022. This records an increase from the previous number of 2.396 Ton mn for 2021. China Fuel Oil: Consumption: Final: Industry data is updated yearly, averaging 14.816 Ton mn from Dec 1980 (Median) to 2022, with 35 observations. The data reached an all-time high of 19.753 Ton mn in 1995 and a record low of 2.176 Ton mn in 2019. China Fuel Oil: Consumption: Final: Industry 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.RBC: Fuel Oil Balance Sheet.

Crude Oil Consumption: Beijing data was reported at 7.749 Ton mn in 2022. This records a decrease from the previous number of 7.764 Ton mn for 2021. Crude Oil Consumption: Beijing data is updated yearly, averaging 7.996 Ton mn from Dec 1990 (Median) to 2022, with 29 observations. The data reached an all-time high of 11.629 Ton mn in 2009 and a record low of 6.445 Ton mn in 1998. Crude Oil Consumption: Beijing 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.

In 2024, China consumed ***** million metric tons of oil, while Hong Kong consumed around **** million metric tons of oil. During the period under consideration, figures presented a trend of growth, with an increase of nearly *** million metric tons. The East Asian country is the world's largest primary energy consumer.

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Sunflower Oil Market Size 2025-2029

The sunflower oil market size is forecast to increase by USD 6.33 billion, at a CAGR of 5.6% between 2024 and 2029.

Major Market Trends & Insights

Europe dominated the market and accounted for a 38% growth during the forecast period.
By the Application - Food segment was valued at USD 15.14 billion in 2023
By the Distribution Channel - Supermarkets segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 64.39 billion
Market Future Opportunities: USD USD 6.33 billion 
CAGR : 5.6%
Europe: Largest market in 2023

Market Summary

Sunflower oil, derived from sunflower seeds, holds a significant position in the global edible oils market. According to recent industry reports, sunflower oil accounts for approximately 14% of the global edible oils consumption, making it the third most consumed edible oil after soybean and palm oil. The preference for sunflower oil is driven by its high nutritional value, rich in monounsaturated and polyunsaturated fatty acids, and its neutral taste. Sunflower oil's versatility extends beyond food applications. It is increasingly used as a feedstock for biodiesel production due to its high oil content and favorable growing conditions in several regions. In terms of market dynamics, the market is characterized by continuous evolutions, with new product innovations and packaging trends shaping consumer preferences. For instance, the rise of eco-friendly packaging solutions has gained traction in recent years, as consumers become more conscious of their environmental impact. Despite these advancements, sunflower oil faces competition from other edible oils and substitutes like vegetable oils and animal fats. Nevertheless, the market's ongoing growth and adaptability underscore its importance within the broader edible oils landscape.

What will be the Size of the Sunflower Oil Market during the forecast period?

Explore market size, adoption trends, and growth potential for sunflower oil market Request Free SampleSunflower oil, a popular edible vegetable oil, holds a significant market presence in the global food industry. According to recent data, sunflower oil accounts for approximately 13% of the global edible oils market share. This figure underscores its popularity and demand. Looking forward, market growth is expected to remain steady, with a projected increase of 3% annually. This growth is driven by rising consumer awareness of sunflower oil's health benefits, including its high monounsaturated fat content and rich vitamin E profile. A comparison of sunflower oil's fatty acid profile with other edible oils reveals its unique advantages. Sunflower oil contains approximately 60% monounsaturated fatty acids, higher than olive oil, and significantly less saturated fat than palm oil. This composition makes sunflower oil a preferred choice for health-conscious consumers. Moreover, the refining process plays a crucial role in sunflower oil's quality. Refined sunflower oil undergoes various processes such as degumming, filtration, and deodorization, ensuring a consistent and high-quality product. These refining techniques contribute to sunflower oil's long shelf life and stability. In conclusion, sunflower oil's market presence is substantial, with a 13% market share, and its popularity continues to grow at a 3% annual rate. Its unique fatty acid profile, consisting of 60% monounsaturated fatty acids, sets it apart from other edible oils. The refining process ensures a high-quality product with a long shelf life.

How is this Sunflower Oil Industry segmented?

The sunflower oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationFoodIndustrialDistribution ChannelSupermarketsOnline RetailDirect SalesDistributorsTypeHigh-oleicMid-oleicLinoleicEnd-UserHouseholdCommercialIndustrialProduct TypesRefined Sunflower OilUnrefined Sunflower OilHigh-Oleic Sunflower OilGeographyNorth AmericaUSEuropeRussiaUkraineMiddle East and AfricaSouth AfricaUAETurkeyAPACChinaIndiaJapanSouth KoreaSouth AmericaArgentinaBrazilRest of World (ROW)

By Application Insights

The food segment is estimated to witness significant growth during the forecast period.

Sunflower oil holds a significant role in the food industry, with its applications extending to dressing, seasonings, and various food preparations. This includes bakeries, confectionery, and convenience foods. The health benefits associated with sunflower oil, such as unsaturated fatty acids that help regulate cholesterol levels and reduce the risk of cardiovascular diseases, are driving its consumption. The foodservice sector, particularly fast-food establish

China Fuel Oil Consumption: Industry: Mfg: Agricultural & Sideline Food data was reported at 0.019 Ton mn in 2022. This records an increase from the previous number of 0.018 Ton mn for 2021. China Fuel Oil Consumption: Industry: Mfg: Agricultural & Sideline Food data is updated yearly, averaging 0.085 Ton mn from Dec 1994 (Median) to 2022, with 29 observations. The data reached an all-time high of 0.252 Ton mn in 2006 and a record low of 0.009 Ton mn in 2020. China Fuel Oil Consumption: Industry: Mfg: Agricultural & Sideline Food 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: Fuel Oil Consumption.

China is the largest consumer of primary energy in the world, having used some 176.35 exajoules in 2024. This is a lot more than what the United States consumed, which comes in second place. The majority of primary energy fuels worldwide are still derived from fossil fuels, such as oil and coal. China's energy mix China’s primary energy mix has shifted from a dominant use of coal to an increase in natural gas and renewable sources. Since 2013, the renewables share in total energy consumption has grown by around eight percentage points. Overall, global primary energy consumption has increased over the last decade, and it is expected to experience the largest growth in emerging economies like the BRIC countries - Brazil, Russia, India, and China. What is primary energy? Primary energy is the energy inherent in natural resources such as crude oil, coal, and wind before further transformation. For example, crude oil can be refined into secondary fuels, such as gasoline or diesel, while wind is harnessed for electricity - itself a secondary energy source. A country’s total primary energy supply is a measure of the country’s primary energy sources. Meanwhile, end use energy is the energy directly consumed by the user and includes primary fuels such as natural gas, as well as secondary sources, like electricity and gasoline.

Crude Oil Consumption: Guangdong data was reported at 66.340 Ton mn in 2022. This records a decrease from the previous number of 67.840 Ton mn for 2021. Crude Oil Consumption: Guangdong data is updated yearly, averaging 30.462 Ton mn from Dec 1990 (Median) to 2022, with 29 observations. The data reached an all-time high of 67.840 Ton mn in 2021 and a record low of 9.129 Ton mn in 1990. Crude Oil Consumption: Guangdong 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.

The United States is the largest consumer of petroleum in the world. In 2024, the country's petroleum consumption reached nearly 813.7 million metric tons. This is compared to the use of some 755.4 million metric tons of petroleum in China.

China Crude Oil Consumption: Industry: Mfg: Communication Equipment, Computer and Other Electronic Equipment data was reported at 0.000 Ton mn in 2016. This stayed constant from the previous number of 0.000 Ton mn for 2015. China Crude Oil Consumption: Industry: Mfg: Communication Equipment, Computer and Other Electronic Equipment data is updated yearly, averaging 0.000 Ton mn from Dec 1994 (Median) to 2016, with 20 observations. The data reached an all-time high of 0.005 Ton mn in 1994 and a record low of 0.000 Ton mn in 2003. China Crude Oil Consumption: Industry: Mfg: Communication Equipment, Computer and Other Electronic Equipment 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.

Road transportation is the greatest oil demanding sector in OECD (Organisation for Economic Co-operation and Development) member states. In 2023, 49.02 percent of all oil consumed in the OECD was related to motor vehicle usage. By comparison, the petrochemical sector which manufactures plastics, resins, and other petroleum-based products, only made up about an eighth of total demand. U.S. and China by far largest consumers The United States and China are the greatest oil consumers worldwide by a wide margin. In 2023, daily oil consumption in these countries amounted to 19 million barrels and 16.6 million barrels, respectively. Daily global crude oil demand, including biofuels, reached 102.21 million barrels in 2023, up from 99.57 million barrels in 2022. The future road sector Oil is used in numerous manufacturing processes and still accounts for a large chunk of primary energy supply worldwide. It is largely used to produce transportation fuels such as gasoline, diesel, and kerosene. As such, demand is also shaped by a growth or decline in internal-combustion engine vehicle usage and overall economic performance. During the 2020 pandemic, oil demand within the road sector decreased as lockdowns were enforced across the world. With many countries pushing for a wider adoption of electric vehicles, oil demand in the road sector is likely to be further affected going forward.