Market Size of Coal Trading Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 9.73 Billion |
| Market Size (2029) | USD 12.23 Billion |
| CAGR (2024 - 2029) | 4.68 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Coal Trading Market Analysis
The Coal Trading Market size is estimated at USD 9.73 billion in 2024, and is expected to reach USD 12.23 billion by 2029, growing at a CAGR of 4.68% during the forecast period (2024-2029).
Over the medium term, coal is majorly consumed in various sectors, such as industry, transport, residential, commercial and public services, agriculture, fishing, and several non-energy areas that generate the coal demand, leading to the trade of coal between the nations.
On the other hand, power from coal is getting mixed up with other alternative sources, like renewables and natural gas, which help to reduce the environmental impact as compared to coal. These factors, in turn, are expected to restrain the growth of the coal trading market in the coming years.
Nevertheless, with the growing demand for electricity, coal power plants in the Asia-Pacific region are expected to be a significant consumer of coal. The region is expected to have a demand of around 4,400 megatons of coal equivalent (Mtce) by 2040, with the majority of demand from the power sector. This demand for coal is expected to create an opportunity for the coal trading market in the future.
Asia-Pacific dominated the coal trading market with China and India as the major importer, and Australia and Indonesia are among the major exporter of coal.
