The import of Coke and Semi-Coke of Coal, Lignite, Peat and Retort Carbo to Viet Nam has consistently increased over the analyzed period except for brief declines in 2016 and 2020. The value achieved in 2023 stood at 825.21 million kilograms, reinforcing a consistent upward trend since 2017. YoY variations indicate notable fluctuations, with significant growth periods such as 2021 and milder increments in years like 2022 and 2023.
Over the last two years, the imports grew by 4.94% in 2022 and 4.62% in 2023. The last 5-year CAGR highlights an average yearly growth rate of 5.36%, emphasizing steady growth. Looking forward, the import volume is projected to continue to increase, reaching 1015.4 million kilograms by 2028, with an anticipated CAGR of 3.25% and overall 5-year growth rate of 17.36%.
The future trends to watch for include:
- Impacts of global supply chain disruptions on coal and coke imports.
- Potential regulations and policies around carbon emissions and energy imports.
- Shifts in Vietnam’s energy consumption patterns, especially toward more renewable sources.
- Economic factors affecting demand in key industries using these imports.
