Australia Coal Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report covers Australian Coal Companies and the market is segmented by application (electricity, iron and steel, and other applications). The market size and forecasts are provided in revenue (USD) for all the above segments.

Australia Coal Market Size

Australia Coal Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 1.40 %
Market Concentration Low

Major Players

Australia Coal Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Australia Coal Market Analysis

The Australian coal market is expected to register a CAGR of more than 1.4% during the forecast period. The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and a decline in demand for coal. Currently, the market has reached pre-pandemic levels.

  • Factors such as an increase in demand for power generation and the presence of large coal reserves are driving the growth of the coal market in Australia. Also, the growing demand for bituminous coal reserves, which have a major share in the Australian coal market, is expected to drive the market study.
  • However, the shift to alternative sources of energy, such as natural gas and renewables for power generation, and the environmental impacts of coal mining are likely to restrain the growth of the coal market in Australia over the forecast period.
  • Adopting new technologies such as geospatial data, 3D mapping, and hyperspectral core imaging in coal mining operations is expected to provide an opportunity for the Australian coal market in the near future.

Australia Coal Market Trends

Demand for Bituminous Coal to Drive the Market

  • Coal production in Australia reached 12.43 exajoules in 2021, positioning it at number six in the world. The country exported about 28.8% of its coal in 2021, and it also exported 9.63 exajoules.
  • Australian terminology for bituminous coal is black coal. Bituminous coals are largely used for power generation and to produce coke, which is mainly used in the production of iron and steel. Bituminous coal is also used in other metallurgical applications, including cement manufacturing, alumina refineries, paper manufacturing, and a range of industrial applications.
  • In 2021, the production of bituminous coal in Australia was 246,127 short tons. Production of bituminous coal in Australia increased from 113,450 thousand short tons in 1999 to 246,127 thousand short tons in 2021, growing at an average annual rate of 4.48%.
  • Black coal resources occur in New South Wales, Queensland, South Australia, Tasmania, and Western Australia, but New South Wales and Queensland have the largest share of Australia's total identified resources. These two states are also the largest coal producers.
  • Hence, with abundant bituminous coal reserves and the highest production and exports, demand for bituminous coal is likely to drive the Australian coal market over the forecast period.
Australia Coal Market: Coal Export Market: in Exajoules, Australia, 2017-2021

Demand from Power Generation Industry to Drive the Market

  • Growth in power generation is expected to drive the coal market in Australia. This is mainly due to the increased demand for electricity and the increased use of coal in power generation in the country.
  • As of 2021, electricity production rose to 267.5 TWh from 265.2 TWh in 2020, with a growth rate of 0.9%. Thus, the rise in demand for power generation is expected to boost the market for coal in the country since coal is the primary energy source.
  • Coal remains the major energy source for electricity production in the country, and coal power generation accounted for about 64% of the total electricity produced in the country in 2021. Australia's electricity generation from coal was 137.4 TWh in 2021.
  • Australia has 73,719 million metric tons of anthracite and bituminous coal in its reserves. Hence, coal power generation is expected to drive the market during the forecast period.
Australia Coal Market: Electricity Generation Mix, in Terawatt-hours,  Australia, 2021

Australia Coal Industry Overview

The Australia coal market is fragmented. Some of the major players in the market (in no particular order) include Bloomfield Collieries Pty Ltd, BHP Group Ltd, Centennial Coal Company Ltd., HardRock Coal Mining Pty Ltd., and Yancoal Australia Ltd.

Australia Coal Market Leaders

  1. Bloomfield Collieries Pty Ltd

  2. BHP Group Ltd

  3. Centennial Coal Company Ltd

  4. Yancoal Australia Ltd

  5. Whitehaven Coal Limited

*Disclaimer: Major Players sorted in no particular order

Australia Coal Market Concentration
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Australia Coal Market News

  • September 2022: AGL Energy announced the company's coal-fired Loy Yang A power station in Victoria will close in 2035.
  • October 2022: New South Wales (NSW ) Electricity Infrastructure awarded the contracts to design and replace four of NSW's remaining five coal power stations in the next 11 years.

Australia Coal Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis


    1. 5.1 Electricity

    2. 5.2 Iron and Steel

    3. 5.3 Other Applications


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Bloomfield Collieries Pty Ltd.

      2. 6.3.2 BHP Group Ltd.

      3. 6.3.3 Centennial Coal Company Ltd.

      4. 6.3.4 HardRock Coal Mining Pty Ltd.

      5. 6.3.5 Yancoal Australia Ltd.

      6. 6.3.6 Idemitsu Australia Resources Pty Ltd.

      7. 6.3.7 Jellinbah Group Pty Ltd.

      8. 6.3.8 Peabody Energy Corporation

      9. 6.3.9 Vale S.A.

      10. 6.3.10 Whitehaven Coal Limited

    4. *List Not Exhaustive

**Subject to Availability
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Australia Coal Industry Segmentation

Coal is a sedimentary deposit composed predominantly of carbon that is readily combustible. Coal is black or brownish-black and has a composition that (including inherent moisture) consists of more than 50 percent by weight and more than 70 percent by volume of carbonaceous material. The Australian coal market is segmented by application into electricity, iron and steel, and other applications. For each segment, market sizing and forecasts have been done based on revenue (USD billion).

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Australia Coal Market Research FAQs

The Australia Coal Market is projected to register a CAGR of greater than 1.40% during the forecast period (2024-2029)

Bloomfield Collieries Pty Ltd , BHP Group Ltd , Centennial Coal Company Ltd , Yancoal Australia Ltd and Whitehaven Coal Limited are the major companies operating in the Australia Coal Market.

The report covers the Australia Coal Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Coal Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Coal in Australia Industry Report

Statistics for the 2024 Coal in Australia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Coal in Australia analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Australia Coal Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)