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Coal Mining in Canada - Industry Market Research Report

Coal Mining in Canada - Industry Market Research Report

  • May 2019
  • 36 pages
  • ID: 4563920
  • Format: PDF
  • By Ibisworld

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Burned out: Volatile global conditions increased industry revenue and export prices

Abstract

Coal Mining in Canada
Operators in the Coal Mining industry in Canada have experienced wild fluctuations in prices of industry goods over the five years to 2019. The industry has two primary products, which include metallurgical coal used for steel production and thermal coal used in energy generation. While an imbalance between global supply and demand decreased prices previous to the reporting period, subsequent growth in prices helped to push revenue up overall. Notably, the price of industry products can be significantly influenced by idiosyncratic external factors. The industry is expected to experience declining revenue over the five years to 2024. Coal prices are forecast to decrease during the outlook period and slowing economic growth in major global markets is likely to constrain demand.

This industry mines bituminous, anthracite and lignite varieties of coal. Mining occurs underground and in surface pits. Industry operators may also develop coal mine sites and prepare the coal for sale by washing, screening and sizing it.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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