Forecast: Coke Consumption in Wholesale, Retail Trade and Hotel, Restaurants in China

The coke consumption data for China's wholesale, retail trade, and hotel sectors indicate a fluctuating trend from 2013 onwards. Initially, there was a significant rise up to 2014, but a noticeable decline followed, especially from 2018 onwards. In 2023, the consumption stood at 14.45 ten thousand metric tons, indicating a year-on-year decrease of 8.54%. Over the last two years, the trend continued downward with an 8.54% decrease from 2022 and a compounded annual growth rate (CAGR) of -5.33% over the last five years.

Future projections from 2024 to 2028 suggest a continuous decline, with a forecasted five-year CAGR of -10.64% and an overall reduction of 43.03% by 2028. The anticipated trends to watch include shifts in energy policies, advancements in cleaner technologies, and possible changes in industrial demand that could further impact coke consumption.