What is the current status and trend of the development of the coal industry?

Since mankind entered industrialization, coal has made significant contributions to global economic and social development, and is one of the most important energy sources. This article describes in detail the global coal supply and demand situation in recent years as well as the major coal producing and consuming places.

1. Global coal supply

--The increase in production has failed to continue

Coal is the conventional energy source with the largest reserves and the widest distribution in the world, and it is also the cheapest energy source. Since the 21st century, as countries continue to pay attention to global climate change, countries to accelerate 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 supply China a standout

From the point of view of regional composition, at present, the Asia-Pacific region is the country's major coal producer, coal production accounted for more than 70% of the global share. 2020, the Asia-Pacific region coal production of 5.879 billion tons in 2020, the Asia-Pacific region coal production is 5.879 billion tons, accounting for 75.9% of the global total production; North America coal production is 531 million tons, accounting for 6.9% of the global total production; CIS region coal production is 525 million tons, accounting for 6.8% of the global total production; European coal production is 479 million tons, accounting for 6.2% of the global total production.

Specific to the country, in 2020, the global coal production of the top ten countries combined production of coal 7.152 billion tons, accounting for 92.38% of the total global production. Among them, China's coal production is far more than other countries, China's coal production of 3.902 billion tons, the sum of the second to tenth place coal production is still less than China's coal production.

2. Global Coal Consumption

--Coal consumption in 2020 hit a decade low

Since 2014, global coal consumption has entered a downward channel, and overall downward trend. 2020, the global coal consumption continued to decline, the total consumption of 157.64 AJ, a year-on-year decline of 3.9%, a record low of nearly a decade of total coal consumption.

--Coal consumption in China leads the world

From the perspective of regional composition, at present, the Asia-Pacific region is the world's major coal consumption, coal consumption accounted for more than 80% of the global proportion. 2020, the Asia-Pacific region's coal consumption of 120.97 AJ, accounting for 80.1% of the global total consumption; North American coal consumption is 9.91 AJ, accounting for 6.6% of the global total consumption; European coal consumption is 9.40 AJ, accounting for 6.2% of the global total production.

Specific to the country, led by China's demand for coal in Asian countries is still at a high level, in 2020, the global coal consumption of the top ten countries combined consumption of coal 130.56 AJ, accounting for 86.22% of the global total consumption, only the United States of America in the top four are not in Asia. China's coal consumption is far more than other countries, China's coal consumption of 82.27 AJ, the second to tenth place coal consumption and the sum of coal consumption is still less than China's coal consumption.

-- The above data refer to China Coal Industry Development Prospect and Investment Strategy Planning Analysis Report