Global Coal Mining Industry Market Research Report from IBISWorld has Been Updated

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In the next five years, as the global economy normalizes, steel production will increase, boosting demand for coking coal; in addition, new technology that enables burning low-sulfur coal will increase demand for thermal coal in Western markets while keeping coal's environmental impact to a minimum. For these reasons, industry research firm IBISWorld has updated a report on the Global Coal Mining industry to its growing report collection.

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A steady rise electricity usage will keep demand for coal strong

After a sharp dip in revenue during the recession, the Global Coal Mining industry has generally performed well over the past five years. “Solid economic growth in emerging nations such as China and India continue to drive up the demand for coal,” says IBISWorld industry analyst Agiimaa Kruchkin. Revenue is expected to grow an average 4.5% annually since 2008 to total $1.5 trillion in 2013, up from $1.2 trillion in 2008. Furthermore, industry revenue is expected to expand 4.7% in 2013 on the back of rising demand and expanding coal prices, thus recovering from the poor performance in 2012 when thermal and coking (i.e. steel-making) coal prices plummeted. An increase in demand from steel production and demand for electricity worldwide push coal prices up, boosting industry performance. On the back of this expanding demand, the industry is expected to generate profit of $705.0 billion in 2013.

About 7.2 billion metric tons of coal are expected to be produced in 2013, compared with 5.8 billion metric tons in 2008. According to Kruchkin, “Most of this expanding output (about 87.0% by volume and 97.0% by value) is black coal and the remainder is low-value brown coal.” Furthermore, over 1.1 billion metric tons of coal, valued at $202.5 billion, are expected to be traded in 2013. Trade occurs both within and between regions. For instance, intra-regional trade occurs mainly in Europe and, to a lesser extent, in North Asia and North America. The major importing regions are North Asia and Europe, while the major exporting regions are Oceania, South-East Asia, and Africa and Middle East.

The six largest firms in the Global Coal Mining industry generate about 5.5% of total industry revenue, indicating that industry concentration is in the low range. Although the largest firms are substantial operators, there are also substantial numbers of small and medium sized operators that generally operate on slimmer profit margins. Typically, these firms mine deposits that are smaller than those sought after by the larger firms. Concentration has not altered greatly over the past five years and is not expected to change markedly in the coming years.

In the five years to come, the Global Coal Mining industry performance will continue to experience volatility. Coal prices are expected to drop in 2014, as slowing economic growth of major markets such as China will place downward pressure on product prices. Meanwhile, consumption of electric power is expected to expand, offering some relief to industry operators. Consequently, industry revenue is forecast to expand over the next five years.

For more information, visit IBISWorld’s Global Coal Mining industry report page.

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IBISWorld industry Report Key Topics

This industry mines various types of coal. Most coal mines consist of bituminous coal or anthracite (types of black coal), but firms may also mine lignite (brown coal). Mining occurs underground and in surface pits. Industry firms may also develop coal mine sites and prepare the coal for sale by washing, screening and sizing it.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on nearly every US and Global industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

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