Coal Other than Lignite Market

The article analyzes the global coal market from 2022 to 2030, with a focus on consumption trends, production, imports, and exports. It projects an upward consumption trend driven by increasing demand for coal other than lignites, with market volume expected to reach 8,694M tons and market value to reach $1,459.4B by the end of 2030. Key consuming countries include China, India, and the United States, while major producers are China, India, and Indonesia. Imports and exports are also discussed, with Indonesia and Australia leading in exports and Japan, India, and China leading in imports. Detailed insights into price trends and growth rates are provided for each segment of the coal market.

Market Forecast

Driven by increasing demand for coal other than lignites worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 8,694M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $1,459.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Coal Other than Lignite

In 2022, after five years of growth, there was decline in consumption of coal other than lignites, when its volume decreased by -1.7% to 7,380M tons. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 3.6% against the previous year. Over the period under review, global consumption reached the peak volume at 7,508M tons in 2021, and then shrank in the following year.

The global coal other than lignite market value contracted to $996.1B in 2022, declining by -11.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $1,129.9B in 2021, and then contracted in the following year.

Consumption By Country

China (4,066M tons) remains the largest coal other than lignite consuming country worldwide, comprising approx. 55% of total volume. Moreover, coal other than lignite consumption in China exceeded the figures recorded by the second-largest consumer, India (935M tons), fourfold. The third position in this ranking was held by the United States (497M tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+3.3% per year) and the United States (-4.8% per year).

In value terms, China ($619.7B) led the market, alone. The second position in the ranking was taken by India ($80.2B). It was followed by the United States.

In China, the coal other than lignite market remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+5.3% per year) and the United States (-5.0% per year).

The countries with the highest levels of coal other than lignite per capita consumption in 2022 were Australia (5 ton per person), South Africa (3 ton per person) and China (2.9 ton per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Indonesia (with a CAGR of +14.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Coal Other than Lignite

In 2022, global coal other than lignite production shrank modestly to 7,487M tons, remaining constant against the previous year's figure. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 4.1%. Over the period under review, global production attained the maximum volume at 7,561M tons in 2021, and then reduced in the following year.

In value terms, coal other than lignite production declined markedly to $981.2B in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 71%. Global production peaked at $1,164.7B in 2021, and then dropped rapidly in the following year.

Production By Country

The country with the largest volume of coal other than lignite production was China (3,907M tons), comprising approx. 52% of total volume. Moreover, coal other than lignite production in China exceeded the figures recorded by the second-largest producer, India (702M tons), sixfold. Indonesia (643M tons) ranked third in terms of total production with an 8.6% share.

In China, coal other than lignite production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.4% per year) and Indonesia (+5.2% per year).

Imports

World Imports of Coal Other than Lignite

In 2022, approx. 1,122M tons of coal other than lignites were imported worldwide; which is down by -5.9% compared with the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Global imports peaked at 1,202M tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, coal other than lignite imports soared to $274.2B in 2022. Overall, imports, however, continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

India (234M tons), Japan (183M tons) and China (163M tons) represented roughly 52% of total imports in 2022. It was distantly followed by South Korea (52M tons), committing a 4.7% share of total imports. Taiwan (Chinese) (46M tons), Germany (43M tons), Turkey (37M tons), Malaysia (35M tons), the Philippines (32M tons), Vietnam (31M tons), the Netherlands (22M tons), Thailand (21M tons) and Poland (20M tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +33.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($59.3B), India ($49B) and China ($30.3B) constituted the countries with the highest levels of imports in 2022, with a combined 51% share of global imports. Taiwan (Chinese), Germany, South Korea, Turkey, Malaysia, Vietnam, the Netherlands, the Philippines, Poland and Thailand lagged somewhat behind, together comprising a further 31%.

In terms of the main importing countries, Vietnam, with a CAGR of +41.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average coal other than lignite import price amounted to $244 per ton, surging by 85% against the previous year. Over the period under review, the import price saw resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($353 per ton), while Thailand ($126 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Coal Other than Lignite

Global coal other than lignite exports contracted to 1,230M tons in 2022, approximately reflecting the previous year. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 9.1%. Over the period under review, the global exports reached the maximum at 1,320M tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, coal other than lignite exports skyrocketed to $262.7B in 2022. Overall, exports, however, recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

Indonesia (360M tons) and Australia (339M tons) represented roughly 57% of total exports in 2022. Russia (189M tons) ranks next in terms of the total exports with a 15% share, followed by the United States (6.3%), South Africa (5.8%) and Colombia (4.6%). Canada (36M tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +4.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Australia ($98.2B) remains the largest coal other than lignite supplier worldwide, comprising 37% of global exports. The second position in the ranking was held by Indonesia ($46.7B), with an 18% share of global exports. It was followed by Russia, with a 17% share.

In Australia, coal other than lignite exports expanded at an average annual rate of +8.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+5.2% per year) and Russia (+11.3% per year).

Export Prices By Country

The average coal other than lignite export price stood at $214 per ton in 2022, jumping by 95% against the previous year. Over the period under review, the export price recorded a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($297 per ton), while Indonesia ($130 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform