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

Forecast: Maize Oil Demand in China 2024 - 2028 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 the marketing year 2024/25, China consumed around *** million metric tons of palm oil. In the marketing year 2025/26, the estimated palm oil domestic consumption volume was approximately *** million metric tons.

Forecast: Fuel Oil Consumption in Mining in China 2024 - 2028 Discover more data with ReportLinker!

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.

In the marketing year 2024/25, China is estimated to consume around **** million metric tons of peanut oil. In the marketing year 2025/26, the peanut oil consumption volume would decline to **** million metric tons.

Explore the rising demand for sunflower-seed and safflower oil in China and how the market is predicted to grow over the next decade, with an expected increase in volume to 1.7M tons and value to $1.8B by 2035.

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.

Learn about the growing demand for sunflower-seed and safflower oil in China and how the market is expected to continue its upward trend over the next decade. Market performance is projected to steadily increase, with a forecasted CAGR of +1.7% in volume and +2.1% in value from 2024 to 2035, reaching 1.7M tons and $1.7B respectively by the end of 2035.

Explore the projected growth of the crude coconut oil market in China over the next decade, driven by increasing demand. Anticipated to see a slight increase in performance with a forecasted CAGR of +2.0% for volume and +2.2% for value from 2024 to 2035.

By 2029, global oil demand is forecast to reach 112.3 million barrels per day. China is expected to account for 18.4 million barrels of daily oil demand while India is expected to account for 6.9 million barrels worth.

Forecast: Fuel Oil Consumption in Manufacture of Foods in China 2024 - 2028 Discover more data with ReportLinker!

In 2024, China's population consumed around 200,000 metric tons of coconut oil. This was much more than in the previous year.

Discover how the rising demand for olive oil in China is expected to fuel an upward consumption trend over the next decade. With a forecasted increase in market performance, the olive oil market is projected to reach 18K tons by 2035, valued at $170M.

Learn about the expected growth of the palm oil market in China, driven by increasing demand for refined palm oil. Market performance is forecasted to expand with a CAGR of +3.0% in volume and +4.6% in value terms from 2024 to 2035, reaching 15M tons and $14.8B respectively by the end of 2035.

Worldwide consumption for liquid fuels reached 102.57 million barrels per day in April 2025. Figures are expected to increase over the summer months. In 2025, global crude oil demand was forecast to average some 105.5 million barrels per day. Regional differences For the last few years, liquid fuel consumption has stayed relatively constant across regions. Despite seasonal and economic variances affecting demand patterns, fluctuations have been slight. In Europe, liquid fuel consumption tended to stay below 14 million barrels per day. U.S. still greatest petroleum consumer The United States remains the largest consumer of petroleum. The fossil fuel serves a great array of functions, from being a feedstock in the petrochemical industry to its use as a raw material for transportation fuels. Population numbers, economic size, industry presence, and wealth of its residents all contribute to a country’s need for this commodity. In the U.S., petroleum consumption amounts to nearly one billion metric tons, more than the combined consumption of both China and India.

Learn about the potential growth of the crude palm oil market in China driven by increasing demand, with a forecasted CAGR of 0.1% in volume terms and 2.6% in value terms from 2024 to 2035.

Discover the latest trends in the maize oil market in China, as demand continues to rise. By 2035, the market volume is expected to reach 533K tons, with a value of $1.1B.

In 2024, China's population consumed around one million metric tons of sunflower seed oil. This showecased a significant decrease from approximately 1.4 million tons in the previous year.