In 2023, the coking coal gross available energy in the UK stood at an estimated 1.24 million tonnes of oil equivalent. Forecasted data indicates a significant downward trend from 2024 onwards, with values declining to 0.21855 by 2028. This represents an overall compound annual growth rate (CAGR) of approximately -28% over the five-year period. Year-on-year decreases are notable, with each subsequent year forecasted at a reduction of 20% to 35%.
Future trends to watch for include:
- Potential shifts towards alternative energy sources as the UK aligns with sustainable energy goals.
- The impact of global market dynamics and policies on coking coal demand and availability.
- Technological advancements in energy efficiency and alternatives to coking coal.
