From 2013 to 2023, the imports of coking coal in Italy have shown a general downward trend, falling from 2.88 Million Metric Tons in 2013 to 1.66 Million Metric Tons in 2023. The import value experienced significant fluctuations, with notable reductions in years like 2020 and a year-on-year increase in 2022. Specifically, the year-on-year variation for the last two years was mixed, with a substantial increase of 21.15% in 2022, followed by a steep decline of 15.84% in 2023. The last five years featured an average reduction with a CAGR of -6.11%.
Looking ahead, forecasts indicate that the imports of coking coal in Italy will continue to decline steeply. From 2024 onwards, the values are expected to drop significantly, reaching as low as 0.89042 Million Metric Tons by 2028, with a forecasted 5-year CAGR of -9.93% and an overall 40.71% decrease from 2024 to 2028.
Future trends to watch for:
- Global shifts in energy policies moving towards renewable energy sources, potentially reducing the demand for coking coal.
- Economic and industrial shifts within Italy that might influence coal consumption in steel production and other sectors.
- Technological advancements in alternative materials, impacting coking coal’s relevance.
- Legislative changes and environmental regulations affecting the mining and import of coking coal.
