In 2023, coal consumption in coking in China stood at its actual value, following which the forecast data shows an increasing trend. For 2024, the consumption is predicted to be 76.76 ten million metric tons, rising to 79.39 in 2025, 81.99 in 2026, 84.57 in 2027, and 87.12 in 2028. This represents a year-on-year increase of approximately 3.4% between 2024 and 2025, maintaining a similar growth rate of around 3.3% annually till 2028. The compound annual growth rate (CAGR) over these five years is projected to be about 3.3%.
Future trends to watch for in China's coal consumption in coking include technological advancements in coking processes that may improve efficiency, government regulations on emissions and environmental impacts, and potential shifts towards alternative steelmaking technologies that reduce reliance on coal. Monitoring global steel demand and China's economic policies will also be crucial in understanding potential adjustments in coal consumption patterns.
