The import of coking coal in Austria stood at 1.69 million metric tons in 2023. This represents a slight increase of 0.32% compared to the previous year. The trend over the past decade shows fluctuations in imports, with the highest year-on-year increase observed in 2014 at 4.06% and the largest decline in 2015 at -7.43%. The 5-year CAGR leading up to 2023 was -0.77%, indicating a minor downward trend in coking coal imports.
Looking ahead, the forecast from 2024 to 2028 suggests a continued marginal decline with a forecasted 5-year CAGR at -0.39%. By 2028, the imports are expected to decrease to 1.65 million metric tons, underscoring a gradual but consistent reduction in coking coal imports.
Future trends to watch for include:
- Further shifts towards renewable energy sources reducing the reliance on coking coal.
- Possible impact of geopolitical factors on coal import regulations and trade agreements.
- Technological advancements in steel production that may affect coking coal demand.