In 2023, India's import of Bituminous Coal was valued at an estimated 2.03 billion US dollars. Forecasts suggest a steady increase in value over the next five years, with a projected increase of 2.1223 billion US dollars in 2024, growing to 2.5034 billion US dollars by 2028. The year-on-year growth is projected to be around 4.6% from 2024 to 2025, 4.3% from 2025 to 2026, 4.1% from 2026 to 2027, and 3.8% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be approximately 4.2%.
Future trends to watch include potential shifts in energy policy favoring renewable energy, impacting coal import volumes, as well as global economic fluctuations affecting coal demand. Additionally, technological advancements in coal efficiency may play a role in shaping import needs.
