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.