Metals and Mining - Coal

As of 2022, coal provided 26.7% of the global primary energy supply, reaching a new record of 8.3 billion tons in consumption. With an annual growth of 14.5% from 2018-2023, the global coal market boasted a revenue of USD 2 trillion in 2022. The Asia Pacific region remains the largest consumers of coal with China and India accounting for almost 70% of the global share. Due to the ongoing energy transition, global coal mining revenue is expected to decrease at a CAGR of 4.1% to USD 1.6 trillion by 2028, with profit estimated to drop to 12.1%.