Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
Measured in thousand barrels daily, the dataset reflects total regional petroleum consumption and serves as an important indicator of transportation fuel demand, industrial activity, and energy market performance. Incorporating consumption data from major Asia-Pacific economies and remaining regional countries, the dataset enables analysis of regional demand patterns, consumption trends, and long-term developments across the region's oil market.
Asia-Pacific's total oil consumption increased from 32,160 thousand barrels daily in 2015 to 33,349 thousand in 2016, 34,615 thousand in 2017, 35,508 thousand in 2018, and 36,184 thousand in 2019. Regional demand declined to 34,180 thousand barrels daily in 2020 before recovering to 35,250 thousand in 2021, 36,110 thousand in 2022, and a record 38,061 thousand barrels daily in 2023. China remained the largest consumer, with demand increasing from 11,890 thousand barrels daily in 2015 to 16,577 thousand in 2023. India also recorded strong growth, rising from 4,181 thousand to 5,446 thousand barrels daily, while Japan experienced a gradual decline from 4,235 thousand to 3,366 thousand barrels daily. Most other regional economies recorded stable or moderate consumption growth during the review period.
Overall, the dataset demonstrates sustained long-term growth in Asia-Pacific's oil consumption despite the temporary decline in 2020. Rising energy demand in China and India, supported by expanding industrial activity and transportation, drove the region's recovery and record consumption in 2023. The dataset serves as a valuable resource for monitoring regional oil consumption trends, evaluating energy demand, supporting market analysis, forecasting future petroleum consumption, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and long-term investment decisions.