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IEA Coal Report Highlights

COAL

IEA July 2022 coal report highlights: Worldwide coal consumption in 2021 rebounded by 5.8% to 7 947 million tonnes (Mt), according to IEA data.

  • Global coal consumption in 2021 rose above 2019 levels, taking it very close to its all-time high.
  • Coal use for power generation increased by 7% compared with the year before, reaching 5 350 Mt.
  • Coal demand in China, the world’s largest consumer by far, increased by 4.6%, or 185 Mt, in 2021, reaching an all-time high of 4 230 Mt.
  • India consumed 1 053 Mt of coal in 2021, a new all-time high and the largest amount consumed in a single year by any country other than China.
  • Other significant increases in coal consumption were recorded in the United States (+15%) and the European Union (+14%), driven mainly by gas-to-coal switching in power generation as gas prices rose in the second half.
  • In the first half of 2022, global coal consumption was little changed (the IEA estimate a decrease of less than 0.5%) compared with the first half of 2021.
  • A switch from gas to coal since the invasion of Ukraine has been balanced out by slower economic growth.
  • For 2022 as a whole, the IEA expect global coal demand to increase by 0.7% from 2021 to about 8 billion tonnes.
  • Global coal consumption is currently forecast to be little changed in 2023 compared with 2022.
  • China’s coal consumption is expected to increase by 1%, or 43 Mt, in 2023.
  • In the IEA’s forecast, Indian coal demand grows by 3% to 1 160 Mt in 2023.
  • Assuming a higher availability of nuclear power plants in France than in 2022, the IEA forecast a decline of 4% in EU coal demand in 2023.


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IEA July 2022 coal report highlights: Worldwide coal consumption in 2021 rebounded by 5.8% to 7 947 million tonnes (Mt), according to IEA data.

  • Global coal consumption in 2021 rose above 2019 levels, taking it very close to its all-time high.
  • Coal use for power generation increased by 7% compared with the year before, reaching 5 350 Mt.
  • Coal demand in China, the world’s largest consumer by far, increased by 4.6%, or 185 Mt, in 2021, reaching an all-time high of 4 230 Mt.
  • India consumed 1 053 Mt of coal in 2021, a new all-time high and the largest amount consumed in a single year by any country other than China.
  • Other significant increases in coal consumption were recorded in the United States (+15%) and the European Union (+14%), driven mainly by gas-to-coal switching in power generation as gas prices rose in the second half.
  • In the first half of 2022, global coal consumption was little changed (the IEA estimate a decrease of less than 0.5%) compared with the first half of 2021.
  • A switch from gas to coal since the invasion of Ukraine has been balanced out by slower economic growth.
  • For 2022 as a whole, the IEA expect global coal demand to increase by 0.7% from 2021 to about 8 billion tonnes.
  • Global coal consumption is currently forecast to be little changed in 2023 compared with 2022.
  • China’s coal consumption is expected to increase by 1%, or 43 Mt, in 2023.
  • In the IEA’s forecast, Indian coal demand grows by 3% to 1 160 Mt in 2023.
  • Assuming a higher availability of nuclear power plants in France than in 2022, the IEA forecast a decline of 4% in EU coal demand in 2023.