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Global coal production set to reach 8.5 billion tonnes by 2021, says GlobalData

31 Jul 2017

The global coal production is set to increase from 7.6Bnt in 2016 to around 8.5Bnt by 2021, representing a compound annual growth rate (CAGR) of 2.4%, according to research and consulting firm GlobalData.

The company’s latest report “Global Coal Mining to 2021” states that the projected increase in global coal production is supported by production rise from India, the US, and South Africa. However, countries such as China and Indonesia are expected to maintain production at 2016 levels.

“China, India, the US, Australia, and Indonesia were the world’s five largest producers of coal, collectively accounting for 76% of global coal production and these countries are expected to remain dominant in 2021. Indian coal production is expected to post a forecast period CAGR of 12.3%, followed by the US and South Africa, each with a CAGR of 2.9%, Russia with 1.6%, and Australia with 1.1%”.

China is the largest producer of coal accounted for 44% of the global coal production in 2016. GlobalData expects that the country will maintain its leading position, with a share of 40% in 2021. Production is expected to remain close to 2016 levels due to the impact of various actions currently in place to lower domestic coal capacities and eventually reduce carbon emissions.

India is the second-largest producer with a share of 10% in 2016 and is also expected to maintain its position with a share of 16% in 2021. The US – the third largest coal producer accounted for 8.9% of the global total in 2016 and is expected to hold a 9.1% share in 2021.



Source: Company Press Release

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