Metallurgical Coke Market Share

APAC Market Forecast

Metallurgical coke market in Asia Pacific is predicted to account for the largest share of 52% by 2037 impelled by the enormous production of metallurgical coke. China is a global leader in the production of metallurgical coke as over 60% of the world's metallurgical coke was produced in the country. Besides this, more than 8 million tons of cargo were registered in 2022, and around 5 million metric tons of metallurgical coke were exported from China in 2023 making it to be the leading seaborne exporter of the product. For instance, China's metallurgical coke production increased by over 3% annually to more than 477 million tons in 2021.

European Market Statistics

The Europe metallurgical coke market is estimated to be the second largest, during the forecast timeframe led by an increasing focus on sustainability. The European Union has pledged to pursue long-term, ambitious environmental and climate goals as sustainability is now a requirement for any future economic model. This has led to an increase in the demand for green products such as wind turbines and electric cars, which both require steel which is frequently produced from coking coal in the region.