Coal Market

The global coal market experienced a growth from $614.96 billion in 2022 to $621.89 billion in 2023, with a compound annual growth rate (CAGR) of 1.1%. However, the Russia-Ukraine war had adverse effects on the global economic recovery from the COVID-19 pandemic, particularly in the short term. This conflict resulted in economic sanctions on several countries, increased commodity prices, supply chain disruptions, inflation in goods and services, and widespread impact on various markets across the world. Despite these challenges, the coal market is projected to expand further to $658.68 billion by 2027, with a CAGR of 1.4%.

In 2022, the Asia-Pacific region was the largest market for coal, followed by Eastern Europe as the second-largest region. The covered regions in the coal market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The coal market encompasses various countries, such as Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Vietnam, Bangladesh, Ukraine, and Iran.

Key players in the coal market include China Shenhua Energy Company Limited, Glencore International, China Coal Energy Company Limited, Coal India Ltd., Shaanxi Coal Industry Company Limited, Yanzhou Coal Mining Co Ltd., BHP Group, Coal & Allied Industries, Anglo American plc, and Yangquan Coal Industry Group.

The market value is determined based on "factory gate" values, which represent the value of goods sold by manufacturers or creators to downstream entities or end customers, along with related services provided by the creators of the goods.