In 2023, the import of coal, excluding anthracite or bituminous to the US, was 758.5 million kilograms. Forecasts for 2024 through 2028 predict a consistent decline, with diminishing figures indicating a trend toward reduction in imports. The year-on-year variations show substantial drops, with 2024 at the same volume as 2023, but a significant 23.1% decrease to 2025, 29.5% to 2026, 41% to 2027, and a drastic 67.9% decrease to 2028. The compound annual growth rate (CAGR) over this five-year period suggests an average annual reduction of 30.4%.
Future trends to watch for:
- Shifts towards renewable energy sources that could further diminish coal imports.
- Alterations in environmental regulations impacting fossil fuel consumption.
- Technological advancements potentially impacting domestic coal production efficiency.