In 2023, coke consumption in manufacturing in China stood at 51.87 million metric tons. Forecasted data indicates a consistent upward trend from 2024 to 2028, with values projected to increase from 53.06 million metric tons in 2024 to 58.11 million metric tons by 2028.
Year-on-year variations show a steady growth:
- 2024: 2.3% increase
- 2025: 2.4% increase
- 2026: 2.3% increase
- 2027: 2.2% increase
- 2028: 2.2% increase
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.3% per year.
Future trends to watch for include technological advancements in manufacturing that might affect coke consumption, potential shifts towards more sustainable practices, and policy changes influencing the production and consumption of coke in the industry.
