The import of coke, semi-coke of coal, lignite, peat, and retort carbon to South Korea peaked in 2014 with significant year-on-year growth (11.78%) and a positive CAGR, then exhibited a downward trend, except for a brief rise in 2018 and 2021. In 2023, imports stood at 356.48 million kilograms, showing a minor year-on-year decrease (-0.61%) and a five-year CAGR of -0.96%. The forecast indicates a gradual decline, with a five-year CAGR of -0.5%, projecting imports to be 344.05 million kilograms by 2028.
Future Trends to Watch For:
- Global shifts in energy policies favoring renewables over coal could further reduce South Korea's import volume.
- Emerging technologies and innovations in sustainable energy might significantly impact the demand for coke and semi-coke.
