Coal production in Thailand has exhibited a gradual decline from 2013 to 2023, with values consistently dropping from 0.20 Exajoules (EJ) in 2013 to 0.14 EJ in 2023. The year-on-year variation reflects fluctuations with significant drops, particularly noticeable in 2015 with a -16.06% change. Over the last five years, the Compound Annual Growth Rate (CAGR) was -1.99%, indicating a persistent reduction in coal production.
Notably, in recent years, the decline has stabilized with minimal changes, showing a 0.71% increase between 2022 and 2023. Future forecasts project a consistent production level of 0.14 EJ from 2024 to 2028, with an expected CAGR of 0.28%, suggesting a plateauing trend rather than continued decline.
Future trends to watch for include potential policy shifts towards renewable energy, technological advancements in coal mining, and global energy market dynamics that may influence Thailand's coal production strategy. Monitoring emissions regulations and international agreements that may impact the coal sector will also be critical.
