GITNUX MARKETDATA REPORT 2024

Petroleum Coke Industry Statistics

The petroleum coke industry statistics provide valuable data on production, consumption, and trade trends within the global market.

Highlights: Petroleum Coke Industry Statistics

  • The petroleum coke market size was valued at USD 16.65 billion in 2016.
  • The demand for petroleum coke in Asia-Pacific accounted for the largest share, 70.74% of the market in 2018.
  • The global petroleum coke market is anticipated to reach over USD 35.3 billion by 2026.
  • The petroleum coke industry is expected to grow at a CAGR of 8.5% from 2017 to 2026.
  • The fuel-grade coke segment dominated the petroleum coke market with a revenue share of 85.6% in 2020.
  • As of 2019, China is the largest producer and exporter of petroleum coke.
  • China's petroleum coke imports exceeded 15 million tonnes in 2019.
  • The North American market accounted for 23% of the petroleum coke market in 2019.
  • The construction industry is expected to be a key consumer of petroleum coke and is projected to account for 40% of the demand by 2025.
  • Russia's petroleum coke production stood at 1.3 million MT in 2019.
  • Indian petroleum coke imports have risen by 60% in 2018 as compared to the previous year.
  • The U.S exported 43 million tons of petroleum coke in 2017, highest in the world.
  • In 2017, nearly 24% of all solid-products obtained in the US from fossil fuel feedstocks were petroleum coke.
  • IHS anticipates petroleum coke production in the US will continue to increase in the foreseeable future, growing from 120,000 tons per day in 2002 to 165,000 tons per day in 2020.
  • Brazil is the largest consumer of petroleum coke in South America, consuming 35% of the region's total in 2020.

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The Latest Petroleum Coke Industry Statistics Explained

The petroleum coke market size was valued at USD 16.65 billion in 2016.

The statistic stating that the petroleum coke market size was valued at USD 16.65 billion in 2016 indicates the total monetary value of petroleum coke products sold in that particular year. This value reflects the overall scale and economic significance of the petroleum coke market, highlighting its substantial size and importance within the energy and industrial sectors. Analyzing this figure can provide insights into the demand for petroleum coke and its market dynamics, helping stakeholders make informed decisions regarding investments, production, and future market strategies. Additionally, tracking changes in market size over time can offer valuable information on industry trends, economic conditions, and potential growth opportunities within the petroleum coke market.

The demand for petroleum coke in Asia-Pacific accounted for the largest share, 70.74% of the market in 2018.

The statistic indicates that in 2018, the Asia-Pacific region had the highest demand for petroleum coke compared to other regions, comprising 70.74% of the total market share. This implies that the majority of the global demand for petroleum coke originated from countries within the Asia-Pacific region. The significant market share suggests that countries within Asia-Pacific may have a higher consumption rate of petroleum coke for various industrial purposes such as energy generation, cement production, and aluminum smelting. The statistic highlights the region’s importance in the petroleum coke market and signifies potential opportunities for companies operating within the industry to focus on providing products and services to meet this substantial demand in the Asia-Pacific region.

The global petroleum coke market is anticipated to reach over USD 35.3 billion by 2026.

The statistic states that the global petroleum coke market is expected to grow significantly, reaching a value exceeding USD 35.3 billion by the year 2026. This forecast suggests a strong and consistent expansion of the industry over the coming years. Such growth could be driven by factors such as increasing demand for energy sources, industrial development, and infrastructure projects worldwide. It indicates a potential opportunity for companies operating in the petroleum coke market to capitalize on this upward trend and potentially benefit from the market’s anticipated expansion.

The petroleum coke industry is expected to grow at a CAGR of 8.5% from 2017 to 2026.

This statistic indicates that the petroleum coke industry is forecasted to experience a compound annual growth rate (CAGR) of 8.5% from the year 2017 to 2026. This suggests a consistent annual growth rate over the specified time period. The projected growth rate implies a positive trend in the industry, showing an increase in production, consumption, or demand for petroleum coke products. This information can be valuable for industry stakeholders, investors, and policymakers to make informed decisions, allocate resources efficiently, and strategize for the future based on the anticipated growth trajectory of the petroleum coke industry.

The fuel-grade coke segment dominated the petroleum coke market with a revenue share of 85.6% in 2020.

The statistic indicates that the fuel-grade coke segment held a significant position in the petroleum coke market in 2020 by generating 85.6% of the total revenue. This suggests that the majority of revenue within the petroleum coke market was attributed to fuel-grade coke, highlighting its importance and prevalence in the industry during that time period. This dominance may be due to various factors such as increased demand for fuel-grade coke, superior market competitiveness, or specific industry trends that favored this segment over others. Overall, the statistic underscores the strong presence and influence of the fuel-grade coke segment in the petroleum coke market in 2020.

As of 2019, China is the largest producer and exporter of petroleum coke.

The statistic signifies that China leads in both the production and exportation of petroleum coke compared to other countries as of 2019. Petroleum coke is a carbon-rich solid material derived from oil refining processes and is widely used as a fuel in various industries. This dominance in production and exportation positions China as a key player in the global petroleum coke market, indicating the country’s significant footprint in the energy sector. The statistic suggests that China’s industrial capacity and infrastructure support its leading role in supplying petroleum coke to domestic and international markets, further reinforcing its position as a major player in the global energy trade.

China’s petroleum coke imports exceeded 15 million tonnes in 2019.

The statistic “China’s petroleum coke imports exceeded 15 million tonnes in 2019” indicates that China imported over 15 million tonnes of petroleum coke in 2019. Petroleum coke, a byproduct of petroleum refining, is widely used in industries such as cement, power generation, and aluminum production. The large volume of importation suggests a significant demand for petroleum coke in China during that year, likely driven by industrial growth and infrastructure development. This statistic provides insight into China’s energy consumption and industrial activities, highlighting the country’s reliance on imported petroleum products to meet its energy needs and fuel economic expansion.

The North American market accounted for 23% of the petroleum coke market in 2019.

The statistic “The North American market accounted for 23% of the petroleum coke market in 2019” indicates that within the global petroleum coke market, North America held a significant proportion of the market share in that year. Specifically, out of the total volume of petroleum coke traded and consumed worldwide in 2019, 23% of it was attributed to North America. This suggests that North America plays a substantial role in the petroleum coke industry, both as a producer and consumer of this commodity. Understanding the market share of North America in the petroleum coke market can provide insights into the regional dynamics, consumption patterns, and potential opportunities for growth and development within the industry.

The construction industry is expected to be a key consumer of petroleum coke and is projected to account for 40% of the demand by 2025.

The statistic indicates that the construction industry is forecasted to play a significant role in the consumption of petroleum coke, accounting for 40% of the total demand by the year 2025. Petroleum coke is anticipated to be a crucial input in the construction sector, likely due to its use in various construction processes such as cement production and energy generation. This projection highlights the industry’s heavy reliance on petroleum coke as an essential resource for its operations, pointing towards the construction sector’s increasing demand for this particular material in the coming years.

Russia’s petroleum coke production stood at 1.3 million MT in 2019.

The statistic indicates that in 2019, Russia produced 1.3 million metric tons (MT) of petroleum coke. Petroleum coke, also known as petcoke, is a carbonaceous solid derived from oil refining and is used as a fuel in various industrial processes. The production of petcoke at this level signifies a significant output in Russia’s petroleum industry, highlighting the country’s capacity for producing this particular byproduct. The quantity of 1.3 million MT suggests a substantial amount of petcoke being generated within the country, which can have implications for both the domestic market demand as well as potential export opportunities for Russia within the global petcoke market.

Indian petroleum coke imports have risen by 60% in 2018 as compared to the previous year.

The statistic states that the imports of petroleum coke into India saw a significant increase of 60% in 2018 compared to the previous year. This suggests a substantial surge in the volume of petroleum coke being brought into the country over the one-year period. This rise in imports could be indicative of various factors such as an increase in demand for petroleum coke in India, changes in global market dynamics affecting the availability or pricing of petroleum coke, or shifts in domestic production capacity. These findings underscore the importance of monitoring and analyzing trends in international trade data to understand changes in consumption patterns and economic activities within a country.

The U.S exported 43 million tons of petroleum coke in 2017, highest in the world.

The statistic that the U.S exported 43 million tons of petroleum coke in 2017, the highest amount in the world, indicates the significant role of the U.S in the global petroleum coke market. Petroleum coke is a byproduct of the refining process and is used as a source of energy in various industries. The high export figure suggests that the U.S has a strong presence in the global energy market and is able to supply large quantities of petroleum coke to meet international demand. This information highlights the U.S’s position as a key player in the global energy trade and underscores its influence in the petroleum coke industry.

In 2017, nearly 24% of all solid-products obtained in the US from fossil fuel feedstocks were petroleum coke.

The statistic indicates that in 2017, approximately 24% of all solid products produced in the US that were derived from fossil fuel feedstocks were composed of petroleum coke. This implies that petroleum coke, a carbon-rich material obtained as a byproduct in the refining of crude oil, was a significant component of the solid products derived from fossil fuels in the US during that year. This statistic provides insight into the composition of solid products generated from fossil fuel sources and highlights the substantial contribution of petroleum coke to this category of products in the US. The prevalence of petroleum coke in the solid products segment underscores its importance in the fossil fuel industry and its utilization in various industrial processes.

IHS anticipates petroleum coke production in the US will continue to increase in the foreseeable future, growing from 120,000 tons per day in 2002 to 165,000 tons per day in 2020.

The statistic provided by IHS indicates a projected increase in petroleum coke production in the United States from 120,000 tons per day in 2002 to 165,000 tons per day by 2020. This anticipated growth suggests a positive trend in the production of petroleum coke over the specified time frame. Such an increase may be reflective of various factors such as demand for petroleum products, market conditions, technological advancements, and government policies affecting the petroleum industry. The forecasted rise in production highlights the industry’s potential for expansion and economic impact, suggesting opportunities for stakeholders in the petroleum coke sector to benefit from the growing market.

Brazil is the largest consumer of petroleum coke in South America, consuming 35% of the region’s total in 2020.

The statistic indicates that in 2020, Brazil consumed the highest volume of petroleum coke among all countries in South America, accounting for 35% of the total petroleum coke consumption in the region. Petroleum coke is a carbon-rich byproduct of the oil refining process, used primarily as a fuel source in various industries. Brazil’s high consumption of petroleum coke highlights its significant industrial activity and energy demands compared to other South American countries, positioning it as a key player in the regional energy market. This statistic underscores Brazil’s reliance on petroleum coke as an essential energy source and its prominence in driving the demand for this commodity in South America.

References

0. – https://www.www.eia.gov

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2. – https://www.pubs.spe.org

3. – https://www.www.researchandmarkets.com

4. – https://www.www.commodityonline.com

5. – https://www.www.statista.com

6. – https://www.www.ihs.com

7. – https://www.www.bnamericas.com

8. – https://www.www.reportsweb.com

9. – https://www.www.globenewswire.com

10. – https://www.www.acumenresearchandconsulting.com

11. – https://www.www.gminsights.com

12. – https://www.www.indexbox.io

13. – https://www.www.factmr.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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