China's coke consumption in wholesale, retail trades, hotels, and catering services is projected to decline from 12.92 million metric tons in 2024 to 7.33 million metric tons by 2028. This continued downturn follows a value of 14.62 in 2023. Year-on-year declines are observed at around 11% from 2024 to 2025, 12% from 2025 to 2026, 14% from 2026 to 2027, and 15% from 2027 to 2028. This represents a CAGR of approximately -13% over the forecast period.
Future trends to watch for include:
- Policy shifts impacting coke consumption within industries.
- Trends in environmental regulations affecting the coke market.
- Adoption of alternative fuels or efficiencies in China’s industrial sectors.
- Economic factors impacting demand in services such as hotels and catering.
