China: Coal Market 2024

Coal Market Size in China

The Chinese coal market contracted modestly to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a slight decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Coal Production in China

In value terms, coal production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Coal production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Coal Exports

Exports from China

In 2022, shipments abroad of coal was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a drastic downturn. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, coal exports surged to $X in 2022. Over the period under review, exports, however, saw a noticeable decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of coal exports from China, with a combined X% share of total exports. Malaysia, India, Brazil, Sweden and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Japan ($X) and South Korea ($X) constituted the largest markets for coal exported from China worldwide, together accounting for X% of total exports. India, Brazil, Malaysia, Sweden and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coal export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible increase. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coal Imports

Imports into China

After five years of growth, purchases abroad of coal decreased by X% to X tons in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, coal imports skyrocketed to $X in 2022. Over the period under review, imports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of coal to China, accounting for a X% share of total imports. Moreover, coal imports from Indonesia exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was held by Mongolia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Mongolia (X% per year).

In value terms, the largest coal suppliers to China were Indonesia ($X), Russia ($X) and Mongolia ($X), with a combined X% share of total imports.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coal import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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