The coal consumption in China's mining sector demonstrated a downward trend from 2013 to 2020, with occasional short-term recovery periods, such as in 2018, highlighting volatile industry patterns. From 2021 to 2023, recovery trends have emerged, and 2023 value stood at 26.78 ten million metric tons—a 9.21% improvement from the previous year.
- Year-on-year variations from 2022 to 2023 indicated a positive trend of 9.21%.
- The 5-year cumulative average growth rate (CAGR) from 2018 to 2023 reached 0.55%.
Future trends to watch for include the forecasted continued moderate growth until 2028, with a CAGR of 2.55% and an overall growth rate of 13.4%. This stability, despite considerable past fluctuations, suggests controlled demand increases and possible industry stabilization policies.
