The coke industry relies on upstream sectors such as the extraction and processing of high-quality coking coal, while downstream applications include steelmaking, foundries, and chemical industries. Coke is essential in steelmaking, as it helps reduce iron ore into iron in blast furnaces and is also used in producing chemical products like calcium carbide and syngas. Semi-coke, with lower density and volatile matter, is typically used in power stations as a fuel or in gas production. The coke market fluctuates with changes in global steel demand and energy industry conditions. According to the publisher, Vietnam's coke and semi-coke market size has been steadily increasing alongside its growing steel industry.
Major global producers are located in coal-rich countries such as China, India, Russia, and Australia, and exporters often come from these countries due to the coke industry's heavy reliance on coal resources. Although Vietnam has coal resources, it lacks high-quality coking coal and advanced production technology, relying primarily on imports to meet domestic steel and industrial needs. The publisher reports that, with Vietnam's rapidly expanding steel industry, there is a growing demand for high-quality metallurgical coke for blast furnace use, which cannot be locally produced, making the Vietnamese market highly dependent on imports.
The data shows that in 2023, Vietnam's total coke and semi-coke imports reached approximately USD 250 million. From January to August 2024, Vietnam's coke and semi-coke imports had nearly reached USD 200 million, an increase of about 9% over the same period in the previous year. The publisher forecasts that Vietnam's coke and semi-coke market will continue growing in the coming years.
Based on the publisher'a analysis, between 2021 and 2024, Vietnam's primary sources for coke and semi-coke imports have included China, Japan, and Singapore, with major suppliers such as Summit CRM Ltd, Daichu Corp, and Trafigura Pte Ltd. The main Vietnamese importers of coke and semi-coke are steel industry manufacturers and distributors, with major companies including Nhà máy luyện phôi thép (a branch of Pomina Steel Corporation), Viet Phat Import Export Trading Investment JSC, and Trung Thanh (VN) Pte, according to the publisher.
Overall, with Vietnam's economic growth, advancing industrialization, and ongoing infrastructure improvements, the country's demand for coke and semi-coke is projected to continue expanding over the next few years. The publisher expects Vietnam's imports of coke and semi-coke to increase in response to this demand.
Topics covered:
- The Import and Export of Coke & Semi-coke in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Coke & Semi-coke in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Coke & Semi-coke in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Coke & Semi-coke in Vietnam (2024)
- Total Import Value and Percentage Change of Coke & Semi-coke in Vietnam (2024)
- Average Import Price of Coke & Semi-coke in Vietnam (2021-2024)
- Top 10 Sources of Coke & Semi-coke Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Coke & Semi-coke in Vietnam and Their Supply Volume
- Top 10 Importers of Coke & Semi-coke in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Coke & Semi-coke in Vietnam
- How Foreign Enterprises Enter the Coke & Semi-coke Market of Vietnam
- Forecast for the Import of Coke & Semi-coke in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- SUMMIT CRM LTD
- DAICHU CORP
- TRAFIGURA PTE LTD.
- NHÀ MÁY LUYỆN PHÔI THÉP (A BRANCH OF POMINA STEEL CORPORATION)
- VIET PHAT IMPORT EXPORT TRADING INVESTMENT JSC
- TRUNG THANH (VN) PTE
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | November 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 273 Million |
| Forecasted Market Value ( USD | $ 536.7 Million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
