In 2023, Coking Coal available for final consumption in the UK stood at 810 Terajoules. From 2024 to 2028, forecasts indicate a steady decrease in availability, with year-on-year decreases of 6.8% in 2025, 7.2% in 2026, 7.6% in 2027, and 8.0% in 2028. The average annual decrease (CAGR) over these five years is approximately 6.8%. These trends suggest a significant reduction in coking coal availability, potentially driven by shifts in energy policy and industrial demand.
Future trends to watch for:
- The impact of UK energy policy shifts towards renewable sources.
- Changes in global demand and supply dynamics affecting availability.
- Technological advancements in the steel industry reducing dependency on coking coal.
- Potential environmental regulations impacting coal production and consumption.