As of the close of 2023, China’s average daily coke consumption was recorded at 140 million metric tons. Forecasted data from 2024 indicates a steady increase in consumption, with a projected increase from 143.1 million metric tons in 2024 to 152.23 million metric tons by 2028. This reflects a consistent annual growth in consumption volume. Year-on-year analysis highlights an average increase of approximately 1.45% in 2024, maintaining this upward trend throughout the forecast period, indicating sustained growth in demand. The compound annual growth rate (CAGR) reveals a 1.7% average annual increase over these five years.

Future trends to watch for include:

The influence of industrial expansion and technological advancements on coke demand.
The impact of environmental policies and sustainability efforts on coke production and consumption.
Global economic conditions that could affect China's steel industry, thereby influencing coke demand.