In 2023, coke consumption in gas production in China was 31.0 ten thousand metric tons. The forecasted data suggests a steady growth from 2024 to 2028. Year-on-year, the forecast predicts a rise of 6.2% in 2024, 6.2% in 2025, 4.6% in 2026, 3.5% in 2027, and 2.7% in 2028. The compound annual growth rate (CAGR) for this period is approximately 4.5%, indicating a moderate consumption increase over five years.
Future trends to watch for include:
- Technological advancements that improve energy efficiency in gas production.
- Government policies aimed at reducing carbon emissions, possibly affecting coke demand.
- Market fluctuations in raw material prices influencing production costs.