| Product Code: ETC11241669 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
China underground gas storage import shipments in 2024 continued to see a high concentration with a Herfindahl-Hirschman Index (HHI) remaining at elevated levels. Top exporting countries to China included Malaysia, South Korea, Thailand, Singapore, and Vietnam, contributing to a solid compound annual growth rate (CAGR) of 7.26% from 2020 to 2024. However, the growth rate experienced a decline in 2024 with a negative rate of -34.41%, indicating a potential shift in market dynamics or external factors impacting the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Underground Gas Storage Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Underground Gas Storage Market Revenues & Volume, 2021 & 2031F |
3.3 China Underground Gas Storage Market - Industry Life Cycle |
3.4 China Underground Gas Storage Market - Porter's Five Forces |
3.5 China Underground Gas Storage Market Revenues & Volume Share, By Storage Type, 2021 & 2031F |
3.6 China Underground Gas Storage Market Revenues & Volume Share, By Gas Type, 2021 & 2031F |
3.7 China Underground Gas Storage Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 China Underground Gas Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing energy demand and consumption in China |
4.2.2 Government initiatives to enhance energy security and storage infrastructure |
4.2.3 Growth in natural gas consumption and production in China |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs for underground gas storage facilities |
4.3.2 Regulatory hurdles and environmental concerns related to underground gas storage projects |
5 China Underground Gas Storage Market Trends |
6 China Underground Gas Storage Market, By Types |
6.1 China Underground Gas Storage Market, By Storage Type |
6.1.1 Overview and Analysis |
6.1.2 China Underground Gas Storage Market Revenues & Volume, By Storage Type, 2021 - 2031F |
6.1.3 China Underground Gas Storage Market Revenues & Volume, By Depleted Fields, 2021 - 2031F |
6.1.4 China Underground Gas Storage Market Revenues & Volume, By Salt Caverns, 2021 - 2031F |
6.1.5 China Underground Gas Storage Market Revenues & Volume, By Aquifers, 2021 - 2031F |
6.1.6 China Underground Gas Storage Market Revenues & Volume, By Rock Caverns, 2021 - 2031F |
6.2 China Underground Gas Storage Market, By Gas Type |
6.2.1 Overview and Analysis |
6.2.2 China Underground Gas Storage Market Revenues & Volume, By Natural Gas, 2021 - 2031F |
6.2.3 China Underground Gas Storage Market Revenues & Volume, By Compressed Air, 2021 - 2031F |
6.2.4 China Underground Gas Storage Market Revenues & Volume, By Hydrogen, 2021 - 2031F |
6.2.5 China Underground Gas Storage Market Revenues & Volume, By Liquefied Petroleum Gas, 2021 - 2031F |
6.3 China Underground Gas Storage Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 China Underground Gas Storage Market Revenues & Volume, By Power Generation, 2021 - 2031F |
6.3.3 China Underground Gas Storage Market Revenues & Volume, By Industrial Use, 2021 - 2031F |
6.3.4 China Underground Gas Storage Market Revenues & Volume, By Emergency Supply, 2021 - 2031F |
6.3.5 China Underground Gas Storage Market Revenues & Volume, By Residential Heating, 2021 - 2031F |
7 China Underground Gas Storage Market Import-Export Trade Statistics |
7.1 China Underground Gas Storage Market Export to Major Countries |
7.2 China Underground Gas Storage Market Imports from Major Countries |
8 China Underground Gas Storage Market Key Performance Indicators |
8.1 Utilization rate of existing underground gas storage capacity |
8.2 Number of new underground gas storage projects initiated |
8.3 Average fill rate of underground gas storage facilities |
9 China Underground Gas Storage Market - Opportunity Assessment |
9.1 China Underground Gas Storage Market Opportunity Assessment, By Storage Type, 2021 & 2031F |
9.2 China Underground Gas Storage Market Opportunity Assessment, By Gas Type, 2021 & 2031F |
9.3 China Underground Gas Storage Market Opportunity Assessment, By Application, 2021 & 2031F |
10 China Underground Gas Storage Market - Competitive Landscape |
10.1 China Underground Gas Storage Market Revenue Share, By Companies, 2024 |
10.2 China Underground Gas Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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