Based on the provided data, Vietnam's coal exports to South Korea are forecasted to decline over the next five years. In 2023, the export value stood at 30.973 million US dollars. From 2024 to 2028, the year-on-year variations indicate a consistent downward trend: a 7.5% decrease in 2024, followed by further declines of 7.3% (2025), 7.8% (2026), 8.2% (2027), and 8.8% (2028). The compound annual growth rate (CAGR) from 2024 to 2028 shows an average annual decrease of 8%.
Future trends to watch for include shifts in energy policy and environmental regulations in South Korea, potential changes in global coal prices, and advancements in renewable energy technologies that could further influence the demand for coal imports.
