China and India's Coal Consumption Predicted to Rise Until 2023

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Adi Ahdiat 02/08/2022 16:00 WIB

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The International Energy Agency projects that global coal consumption will increase until 2023, driven primarily by China and India.

China and India Coal Consumption Projections (2020-2023)

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China and India's Coal Consumption Predicted to Rise Until 2023

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China and India Coal Consumption Projections (2020-2023)

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The International Energy Agency (IEA) projects that global coal consumption will increase until 2023.

This increase is primarily driven by two of the world's largest coal consumers, China and India.

According to the IEA, coal consumption in China decreased in the first half of 2022 due to COVID-19 lockdowns. However, consumption is projected to strengthen in the second half of this year and into next year.

"Chinese coal consumption is expected to increase by 1% in 2023, assuming a lower Chinese GDP than in previous years," the IEA predicted in its *Coal Market Update July 2022*.

Indian coal consumption is also projected to continue rising, in line with economic growth and expanding electricity use.

"Indian coal consumption is predicted to remain high, increasing by 7% in 2022 compared to 2021. In our forecast, Indian coal demand will also increase by 3% in 2023," the IEA stated.

The IEA views the global coal market as remaining tight until next year and beyond. Developments in the Russia-Ukraine invasion are also considered to play a key role in future market movements.

China and India were the largest importers of Indonesian coal in 2021 and are also major customers of Russian coal during the war.

(See also: [This is the list of countries that are customers of Russian coal during the war](https://databoks.katadata.co.id/datapublish/2022/08/02/ini-negara-pelanggan-batu-bara-rusia-selama-perang))

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."