In 2023, the inland consumption of coking coal in the UK stood at 1.8 million metric tons. From 2024 to 2028, forecasts indicate a continuous decline in coking coal consumption, with a steep year-on-year decrease rate of approximately 21-55%. Over the forecast period, the compounded annual growth rate (CAGR) is expected to be -29.2% as the shift towards renewable energy and regulatory pressures mount.
Future trends to watch for include:
- Advancements in alternative steelmaking technologies reducing coking coal dependency.
- Government policies encouraging carbon neutrality and their impact on coal usage.
- Potential economic factors affecting energy resource decisions.
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