The hard coal trade balance for France has experienced significant fluctuations over the past decade. Between 2013 and 2023, the value in million metric tons peaked in 2013 at 18.33 and declined consistently, except for notable recoveries in 2017 and 2022. The year 2023 saw a modest increase to 10.71 million metric tons.
Year-on-year change for 2022 showed a substantial increase of 38.88%, followed by a moderate increase of 2.99% in 2023. The 5-year compound annual growth rate (CAGR) preceding 2023 was -4.46%, illustrating an overall declining trend.
Future forecasts suggest a continued gradual decline in hard coal trade balance, with an expected 5-year CAGR of -2.81% and a total decline of 13.3% by 2028.
Future Trends to Watch:
- Shift towards renewable energy sources reducing demand for hard coal.
- Policy changes and regulations affecting coal imports and use.
- Market responses to global energy price fluctuations and supply chain adjustments.