In 2023, Poland led the European coal and lignite mining turnover with 4.56 billion euros, despite experiencing a 4.27% decline. The Czech Republic and Germany followed, both with significant year-on-year decreases of 11.83% and 10.79%, respectively. Bulgaria showed a slight increase of 1.0%, while Bosnia and Herzegovina saw a modest decline of 1.32%. Romania managed an increase of 6.31%, contrasting sharply with Hungary, which experienced a steep reduction of 20.62%. Over the past five years, compound annual growth trends showed negative growth in most countries, highlighting a steady downward trend.
Future trends to watch in the European coal and lignite sectors include the continued shift towards renewable energy sources, potentially further declining coal demand. As environmental regulations tighten, countries might increasingly phase out coal mining operations, affecting industry turnover and emphasizing the need for economic diversification in coal-dependent regions.
Top countries in Coal Mining and Lignite Mining Turnover by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 4,560 | 2023 | -1.47% | -4.27% | View data |
| 2 | 2 Czech Republic | 770.3 | 2023 | -11.69% | -11.83% | View data |
| 3 | 3 Germany | 715.4 | 2023 | -16.74% | -10.79% | View data |
| 4 | 4 Bulgaria | 328.8 | 2023 | +0.46% | +1% | View data |
| 5 | 5 Bosnia and Herzegovina | 301.5 | 2023 | -0.099% | -1.32% | View data |
| 6 | 6 Romania | 9.1 | 2023 | -8.08% | +6.31% | View data |
| 7 | 7 Hungary | 2.9 | 2023 | 0% | -20.62% | View data |
