Between 2013 and 2023, coal consumption in the construction sector in China experienced significant fluctuations. After peaking in 2014 with a 12.7% year-on-year increase, there was a steady decline until 2019, culminating in a 20.8% decrease from 2014's value. The downward trend began to stabilize in 2020 with minimal annual variations. By 2023, the coal consumption stood at 645.64 ten thousand metric tons, with a marginal CAGR of -0.14% over the last five years.
Looking forward, the forecast data suggest a slight gradual increase in coal consumption from 2024 to 2028, with a 0.18% average annual growth rate, indicating a potential but slow recovery. The expected growth rate over the next five years is a modest 0.89%.
Future trends to watch for:
- Shifts in energy policy favoring cleaner alternatives; this may further decrease coal consumption.
- Technological advancements in construction that could impact energy efficiency and resource usage.
- Economic factors influencing the construction industry's expansion or contraction, consequently affecting coal demand.
- Potential environmental regulations and international climate commitments that might restrict coal usage.
