Current Situation and Development Trend of Coal Industry

Global Coal Supply and Demand

--Production Increase Failed to Continue

Coal is the world's most abundant and widely distributed conventional energy source, and is also the cheapest energy source. 21st Century Since the 21st century, as countries continue to pay attention to global climate change, countries to speed up the energy structure adjustment, many developed countries have gradually adopted clean energy to replace coal energy consumption, so the coal supply trend no longer shows a unilateral upward trend.

In recent years, global coal production has shown a shock trend, 2017-2019, global coal production to maintain continuous growth, 2020, affected by the epidemic, the global coal production growth trend failed to continue, the total output of 7.742 billion tons, down 4.8% year-on-year.

--Coal consumption in 2020 hit a ten-year low

Since 2014, global coal consumption has entered a declining channel, with an overall oscillating downward trend. in 2020, global coal consumption continued to decline, with a total consumption of 157.64 AJ, a year-on-year decline of 3.9%, hitting a new low in total coal consumption in the past decade.

Analysis of the development trend of the coal market

In the European and American markets, green renewable energy is rapidly replacing coal, and coal consumption in Europe and the United States has continued to decline in recent years, and in 2020, for the first time in the U.S. renewable energy power generation exceeded coal-fired power generation, and coal consumption fell 21% in the year; the decline of coal consumption in EU countries is greater, the EU 27 countries in 2020 coal imports fell 32.7%.

In the Asian market, such as Vietnam, Indonesia and South Asia's India, Pakistan and other countries, coal consumption has the potential to grow. 2020, Vietnam, Pakistan's coal imports have achieved positive growth, Indonesia by the impact of the new Crown Pneumonia outbreak, coal production and consumption, although both declined, but the epidemic a little bit of easing, and immediately accelerated the pace of the construction of coal-fired power plants.

On the whole, there is a clear trend that the center of gravity of coal export and consumption on a global scale is gradually shifting to Asia.

--The source of the above data and analysis refers to China Coal Logistics Industry Market Outlook and Investment Strategy Planning Analysis Report published by Prospect Industry Research Institute.