Canada: Coal Market 2024

Coal Market Size in Canada

The Canadian coal market contracted sharply to $X in 2022, waning by X% against the previous year. In general, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Coal Production in Canada

In value terms, coal production declined to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Coal Exports

Exports from Canada

In 2022, exports of coal from Canada surged to X tons, picking up by X% on the previous year's figure. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coal exports soared to $X in 2022. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Japan (X tons) was the main destination for coal exports from Canada, with a X% share of total exports. Moreover, coal exports to Japan exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

In value terms, the largest markets for coal exported from Canada were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total exports. India, Taiwan (Chinese), the United States, Poland, Germany, the Netherlands, Chile, Sweden and Brazil lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coal export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coal Imports

Imports into Canada

In 2022, approx. X tons of coal were imported into Canada; with an increase of X% on the year before. Over the period under review, imports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coal imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Colombia (X tons) and the Netherlands (X tons) were the main suppliers of coal imports to Canada, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of coal to Canada, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average coal import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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