Since 2013, coal production in North America has exhibited significant fluctuations with an overall declining trend. Actual data shows a drop from 21.87 Exajoules in 2013 to 11.95 Exajoules in 2023, representing a nearly 45% reduction. The year-on-year variation has been marked by sharp decreases, including substantial drops in 2016 (-16.88%) and 2020 (-23.24%). Recovery years, such as 2017 (5.97%) and 2021 (7.48%), have been insufficient to reverse the downward trend. The five-year CAGR as of 2023 is -6.7%.
Forecast data for 2024-2028 indicate a continued decline, with coal production expected to reach 8.77 Exajoules in 2028, translating to a forecast five-year CAGR of -4.89%. This suggests a projected overall decrease of 22.16% from 2023 to 2028.
Future trends to watch for:
- Ongoing policy shifts towards renewable energy sources and regulatory frameworks aimed at reducing carbon emissions.
- Technological advancements in cleaner coal technologies and potential shifts in international coal demand.
- Economic factors, including market demand fluctuations and the impact of global economic conditions on coal exports.
