1. North America
In 2023, the metallurgical coal production volume slightly increased to 73.7 million tons, maintaining the upward trend observed in the previous year and demonstrating a stable production level. The metallurgical coal production value for 2023 was 19.43 billion USD, a slight decrease from the value in 2022, which could be due to market adjustments or a slight decrease in coal prices. The metallurgical coal average price per ton in 2023 was $264, a slight decrease from the peak in 2022, but still significantly higher than the prices observed in the earlier years, suggesting sustained market strength. The metallurgical coal gross margin for 2023 was 41.13%, a slight decrease from the peak in 2022, but still reflecting a healthy profit margin for the industry, indicating that the North American metallurgical coal market remained profitable despite some market fluctuations.
Table North America Metallurgical Coal Production, Value, Price and Gross Margin (2018-2023)
|
North America |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Production (M Tons) |
74.1 |
72.1 |
63.1 |
68.4 |
71.9 |
73.7 |
|
Price (USD/Ton) |
156 |
140 |
104 |
157 |
283 |
264 |
|
Production Value (M USD) |
11558.5 |
10062.7 |
6540.1 |
10751.9 |
20314.8 |
19431.2 |
|
Gross Value (M USD) |
4744.8 |
4010.0 |
1185.1 |
5250.2 |
11825.3 |
7992.1 |
|
Gross Margin |
41.05% |
39.85% |
18.12% |
48.83% |
58.21% |
41.13% |
2. Europe
In 2023, the production volume slightly decreased to 98.9 million tons, which could be attributed to various factors such as market demand, environmental policies, or operational changes. The production value for 2023 was 24.74 billion USD, a slight decrease from the value in 2022, possibly due to fluctuations in market prices or production costs. The average price per ton in 2023 was 250 USD, a slight adjustment from the previous year, suggesting some stability in the market despite global economic changes. The gross margin for 2023 was 39.56%, a decrease from the previous year, but still indicating a relatively healthy profit margin for the industry in Europe.
Table Europe Metallurgical Coal Production, Value, Price and Gross Margin (2018-2023)
|
Europe |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Production (M Tons) |
100.1 |
108.1 |
99.1 |
104.1 |
96.1 |
98.9 |
|
Price (USD/Ton) |
148 |
132 |
98 |
149 |
268 |
250 |
|
Production Value (M USD) |
14818.6 |
14319.9 |
9750.3 |
15532.3 |
25769.0 |
24736.6 |
|
Gross Value (M USD) |
6053.4 |
5602.0 |
1662.4 |
7332.8 |
14750.2 |
9785.8 |
|
Gross Margin |
40.85% |
39.12% |
17.05% |
47.21% |
57.24% |
39.56% |
3. China
China dominates the metallurgical coal market in terms of production and consumption, accounting for a significant share of the global market.
From 2018 to 2023, there is a general upward trend in China’s metallurgical coal production. The production increased by approximately 94.2 million tons over the six-year period, which is a significant growth. Despite the overall increase, there are minor fluctuations in production levels year by year. For example, production decreased slightly from 2020 to 2021 but then increased again in 2023.
Figure China Metallurgical Coal Production (M Tons) and Growth Rate Analysis (2018-2023)
4. Australia
Australia is a major producer and exporter of metallurgical coal, with a significant impact on the global market. The region’s production and export volumes are critical to the global supply chain, particularly in Asia.
From 2018 to 2023, Australia’s metallurgical coal production experienced fluctuations. The production initially increased from 2018 to 2019 but then decreased in the following years.
Table Australia Metallurgical Coal Production (2018-2023)
|
Australia |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Production (M Tons) |
178.2 |
186.2 |
184.2 |
171.2 |
169.2 |
173.2 |
