Germany's coking coal imports have shown fluctuations over the past decade, with notable peaks and troughs. The import volume stood at 11.79 million metric tons in 2023. The most significant year-on-year changes in recent years include a substantial decrease of 12.7% in 2020, followed by an 18.3% increase in 2021. After a slight decline of 0.39% in 2022, imports increased by 1.86% in 2023. The last five years indicate a compound annual growth rate (CAGR) of -0.95%, revealing a relatively stable yet slightly declining trend.
Looking ahead, from 2024 onwards, the import volumes are forecasted to show modest growth, reaching 12.81 million metric tons by 2028. This corresponds to a forecasted 5-year CAGR of 1.32% and a 5-year growth rate of 6.78%, indicating a steady upward trend in the medium term.
Future trends to watch for include potential policy changes affecting coal imports due to environmental considerations, shifts in global coal market dynamics, and changes in Germany's domestic steel production levels, which heavily influence coking coal demand. Additionally, advancements in alternative steelmaking technologies could impact the long-term outlook for coking coal imports.
