The growth of Australia's coal market is fueled by the increasing adoption of coal in electricity generation and cement production. Coal, sourced from underground or surface mines, exists in various types or ranks. Higher-ranked coal like anthracite and bituminous is crucial for industries like steelmaking due to its high heating value. Conversely, lower-ranked coal such as sub-bituminous and lignite is mainly used for electricity generation. Australia's economy heavily relies on coal for affordable and dependable electricity, with coal contributing 69% to the National Electricity Market in 2019, followed by gas at 9%, hydro at 7%, and other renewables at 16%.
Fig: Emissions from coal in Australia, Mt CO2
The growth of Australia's coal market is fueled by expansion in construction driven by population growth and industrialization. Coal serves as a vital energy source in cement production, a key component of construction. Furthermore, coal combustion products contribute significantly to concrete production, underscoring coal's broader impact on the construction industry's infrastructure needs.
The surging demand for steel driven by urban expansion and robust infrastructure development is driving product growth. Steel production involves using coke and coal to generate carbon monoxide, which, at high temperatures, converts iron ore into liquid form. Impurities are removed from the molten iron, and alloys are added to create steel. This process underscores the role of steel in meeting construction and industrial needs amid urban expansion and infrastructure growth.
Increased investments in research and development by market players aim to develop coal mining equipment with improved efficiency and reduced environmental impact, creating promising growth prospects for the market. This focus on innovation underscores a commitment to sustainability while meeting demand for coal mining equipment that aligns with environmental objectives and market expectations.
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Market Breakup by Type, Mining Technology, and Application:
- The market is segmented based on type into Bituminous Coal, Sub-Bituminous Coal, Anthracite Coal and Lignite Coal.
- Based on the mining technology, the market is divided into surface mining and underground mining.
- On the basis of application, the market is segmented into electricity and iron and steel, among others.
Key Findings of the Report:
- Australia revised its projected metallurgical coal exports for the 2023-24 period downward to 161 million metric tons from 166 million metric tons estimated in December 2023 due to partial recovery in domestic production. This revision suggests a 3.2% increase over the 2022-23 export volume of 156 million metric tons.
- Australian coal is sought after for various industrial applications including alumina production, chemicals, machinery, asphalt, cement, and steel manufacturing. Its energy-rich and low-ash qualities align well with the needs of modern, efficient coal-fired power plants in Asia. Additionally, Australia's high-grade metallurgical coals are highly regarded for modern steel production.
- Australia's advantageous position, bolstered by reliable suppliers, proximity to key markets, and robust infrastructure, positions it well to capitalize on increasing demand from traditional markets like Japan, China, and Europe, as well as emerging buyers in Vietnam, Malaysia, and other Southeast Asian countries.
- In Australia, black coal is mined in several states including Queensland, New South Wales, and Western Australia, with most of it exported overseas. Export earnings from black coal reached USD 63.51 billion by the end of 2021, a significant increase from USD 43.37 billion in 2020. Asian countries, particularly Japan, are major importers of Australian coal.
Key Offerings of the Report:
- The EMR report gives an overview of the Australia coal market for the periods (2018-2023) and (2024-2032).
- The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, mining technology, and application of the Australia coal market.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.
The major players in the Australia coal market are BHP Group Ltd., Glencore Plc, Bloomfield Group, Banpu PCL (Centennial Coal Company Pty Limited), Yancoal Australia Ltd., Idemitsu Kosan Co., Ltd., Jellinbah Group Pty Ltd., Peabody Energy, Inc., Whitehaven Coal Ltd., Anglo American Plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Key Highlights of the Report
| REPORT FEATURES |
DETAILS |
| Base Year |
2023 |
| Historical Period |
2018-2023 |
| Forecast Period |
2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
- Type
- Mining Technology
- Application
|
| Breakup by Type |
- Bituminous Coal
- Sub-Bituminous Coal
- Anthracite Coal
- Lignite Coal
|
| Breakup by Mining Technology |
- Surface Mining
- Underground Mining
|
| Breakup by Application |
- Electricity
- Iron and Steel
- Others
|
| Market Dynamics |
- SWOT Analysis
- Porter's Five Forces Analysis
- Key Indicators for Demand
- Key Indicators for Price
|
| Competitive Landscape |
- Market Structure
- Company Profiles
- Company Overview
- Product Portfolio
- Demographic Reach and Achievements
- Certifications
|
| Companies Covered |
- BHP Group Ltd.
- Glencore Plc
- Bloomfield Group
- Banpu PCL (Centennial Coal Company Pty Limited)
- Yancoal Australia Ltd.
- Idemitsu Kosan Co., Ltd.
- Jellinbah Group Pty Ltd.
- Peabody Energy, Inc.
- Whitehaven Coal Ltd.
- Anglo American Plc
- Others
|
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