The forecast for coke consumption in the manufacture of textile wearing apparel, footwear, and caps in China shows a significant declining trend from 2024, starting at 610.0 ten metric tons, reducing to 240.0 ten metric tons by 2028. This represents a year-on-year decrease of approximately 14.8% from 2024 to 2025 and 19.2% from 2025 to 2026. The compound annual growth rate (CAGR) for the period is a decrease of roughly 20.2% from 2024 to 2028. In 2023, the actual value stood higher than the forecasted figures, indicating a notable reduction over the forecast period.
Future trends to watch for include:
- Innovations in eco-friendly manufacturing processes that could reduce reliance on coke.
- Government policies pushing for sustainability in textile production.
- Fluctuations in coke prices affecting operational costs and consumption rates.
- Shifts in global trade dynamics and their impact on raw material availability.
