Forecast: Import of Coal Except Anthracite or Bituminous to the US

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.

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