The forecasted import of coal (excluding anthracite or bituminous types) to India is expected to show consistent growth from 2024 to 2028. The projections indicate a steady rise from 260.3 billion kilograms in 2024 to 296.82 billion kilograms in 2028. Looking back to 2023, the import volume was registered at 251.04 billion kilograms, reflecting an increasing dependency on coal imports.
Year-on-year percentage changes show incremental growth for each succeeding year within the forecast period:
- 2025: 3.61%
- 2026: 3.42%
- 2027: 3.24%
- 2028: 3.08%
The compound annual growth rate (CAGR) of the import volume during this five-year forecast period is approximately 3.36%. This positive trend is indicative of India's growing energy needs and reliance on coal to meet these demands.
Future trends to watch for include shifts towards cleaner energy sources that may impact coal import volumes. Additionally, any geopolitical or economic events affecting global coal markets can further influence these forecasts. Monitoring domestic coal mining capabilities and policies promoting renewable energy will also be crucial in understanding future import dynamics.
