Forecast: Coal Consumption in China

China's coal consumption, expressed in exajoules, stood at 89.59 in 2023. From 2013 to 2023, the trend in coal consumption showed fluctuations with a general increase in recent years. After a slump between 2013 and 2016, a turnaround began around 2017, with year-on-year variations fluctuating yet mostly increasing. Notably, from 2021 to 2023, the consumption incrementally rose with the rate of increase stabilizing around 1-4% annually. Between 2019 and 2023, the CAGR hovered around 2.17%, signifying moderate growth.

Future trends to watch for:

  • Monitor policy changes and regulations targeting emissions that could significantly impact coal consumption.
  • Technological advancements in renewable energy sources and their adoption rates in China.
  • Economic growth trends and their impact on industrial coal consumption.

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