The UK's coking coal production is forecasted to steadily increase from 2024 to 2028, starting at 612.2 thousand tonnes of oil equivalent in 2024 and reaching 679.69 by 2028. The year-on-year percentage increases are consistent, indicating a stable growth trajectory. The compound annual growth rate (CAGR) for this five-year period is expected to be moderate, reflecting a gradual recovery in production levels from lower figures observed in previous years.
Future trends to watch for include:
- Potential impacts of policy changes related to carbon emissions and sustainability on coking coal production.
- Technological advancements in mining efficiency and their effects on production levels.
- Fluctuations in global demand for steel, which could influence coking coal requirements.
