Coal Mining in China - Industry Market Research Report

Coal Mining in China - Industry Market Research Report

Coal Mining in China

Revenue for the Coal Mining Industry in China is expected to grow at an annualized 10.4% over the five years through 2023, including a 12.6 rise to $681.3 billion in 2023. Revenue declined in 2020, and was largely due to demand moving away from coal in favor of cleaner energy sources, decreasing coal prices, competition from lower priced imported coal, and the COVID-19 pandemic. Coal shortage in 2021 caused sharp increase of coal prices, therefore, industry revenue increased to $535.5 billion, up by 68.7% from 2021.

Industry operators mine two types of black coal: bituminous and anthracite. The industry includes underground mining and surface mining. Some mining enterprises also have facilities to wash and process raw coal to yield qualified products for different downstream industries.

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.