Global Coal Demand Broke Records in 2022, More Growth Expected in 2023
July 27, 2023SupplyChainBrain
Global coal consumption grew by 3.3% to a record-setting 8.3 billion tons (bt) in 2022 with levels expected to increase once again in 2023.
In a new report released by the International Energy Agency (IEA) July 27, entitled “Coal Market Update,” the global demand for coal increased due to the commodity being relatively cheaper and more readily available than gas in certain parts of the world.
Coal demand in China grew by 4.6% in 2022 to a new all-time high of 4.519 bt, beating estimations recorded in the IEA's 2022 Coal Report.
Demand in India grew by more than 8% to 1.155 bt fueled by the country’s economic growth in 2022, making it the only nation besides China to surpass the 1.1 bt mark.
https://www.supplychainbrain.com/articles/37776-global-coal-demand-hit-record-levels-in-2022-expected-to-grow-again-in-2023?mc_cid=6fa8a08ead&mc_eid=4961da7cb1
