In 2023, the import of petroleum coke and petroleum bitumen to the US was valued at $1.744 billion USD. The forecast for 2024 to 2028 indicates a consistent growth trajectory. The year-on-year variations show an upward trend, with an average annual growth rate of around 2.5% over this period.
Key future trends to watch include:
- Shifts in global supply chains and environmental regulations could impact import volumes and values.
- The rising demand for cleaner energy alternatives may alter the traditional demand dynamics for petroleum coke and bitumen.
- Technological advancements in the refining process might affect import requirements.