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

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.

Forecast: Maize Oil Demand in China 2024 - 2028 Discover more data with ReportLinker!

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.

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).

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.

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

Learn about the expected growth of the sunflower-seed and safflower oil market in China, with projections showing an increase in consumption over the next decade.

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.

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 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.

Oil prices fell due to weak demand signals from China, the world's largest oil importer, affecting recent market gains.

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 Manufacture of Foods in China 2024 - 2028 Discover more data with ReportLinker!

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.

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.

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

China Energy Balance: Secondary: Total Oil Products: Liquefied Petroleum Gases: Demand data was reported at 0.000 Barrel/Day th in Jan 2025. This records a decrease from the previous number of 2,871.292 Barrel/Day th for Dec 2024. China Energy Balance: Secondary: Total Oil Products: Liquefied Petroleum Gases: Demand data is updated monthly, averaging 864.340 Barrel/Day th from Jan 2002 (Median) to Jan 2025, with 277 observations. The data reached an all-time high of 2,993.564 Barrel/Day th in Jun 2024 and a record low of 0.000 Barrel/Day th in Jan 2025. China Energy Balance: Secondary: Total Oil Products: Liquefied Petroleum Gases: Demand data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s China – Table CN.JODI.WDB: Energy Balance: Oil. Comprises propane and butane; Demand of Finished Products only. Demand of finished products: Deliveries or sales to the inland market (domestic consumption) plus Refinery Fuel plus International Marine and Aviation Bunkers. Demand for Other oil products includes direct use of Crude oil, NGL, and Other.

Forecast: Fuel Oil Consumption in Manufacture of Furniture 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.