Vietnam Coke & Semi-coke Import Research Report 2024-2033

Coke and semi-coke are solid carbonaceous products obtained through the carbonization or pyrolysis of coal at high temperatures. Coke is primarily used in the steel industry as a fuel and reducing agent in blast furnaces, while semi-coke is often used in energy production or the chemical industry. Unlike other coal products, coke is valued for its low sulfur content, high fixed carbon, and low volatile matter, which allow it to provide stable heat and excellent mechanical strength at high temperatures.

INFOGRAPHICS

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 CRI, 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. CRI 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.

CRI 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. CRI forecasts that Vietnam's coke and semi-coke market will continue growing in the coming years.

Based on CRI 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 Nha may luyen phoi thep (a branch of Pomina Steel Corporation), Viet Phat Import Export Trading Investment JSC, and Trung Thanh (VN) Pte, according to CRI.

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. CRI 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)