In 2023, China's coke exports stood at a significant level compared to previous years. However, the forecasted data for 2024 indicates a volume of 452.57 ten thousand metric tons, showing a converging trend downward through 2028 with a value of 194.21 ten thousand metric tons. The year-on-year decline from 2024 to 2025 is approximately 14.52%, from 2025 to 2026 is about 16.79%, from 2026 to 2027 is around 19.93%, and further decreasing by 24.68% until 2028. The compound annual growth rate (CAGR) over the five-year forecast period averages a decline of approximately 20.17% annually.
Future trends to watch for:
- The impact of China's domestic energy transition policies, focusing on reducing carbon emissions, which could further limit coke production.
- Global demand shifts influenced by steel industry dynamics, a primary consumer of coke.
- Potential trade policy alterations impacting export markets and competitive positioning globally.
