In 2023, total support for coal for residential use in China stood below 86.67 million US dollars. From 2024 to 2028, forecasts indicate an upward trend, with annual increases shifting from 86.67 million to 112.75 million US dollars by 2028. This represents a year-on-year growth ranging around 7-8%. The five-year compound annual growth rate (CAGR) is approximately 6.7%, indicating a steady increase in support for coal in this sector.
Future trends to watch for include shifts due to energy policy changes towards renewable resources, potential regulatory impacts, and technological developments influencing energy consumption in residential areas. Monitoring geopolitical factors affecting coal prices is also crucial.
