2023 Coal Export Volume Increases Despite Price Decline

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Adi Ahdiat 14/03/2024 12:26 WIB

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Indonesia's coal export volume increased in 2023. However, its export value decreased due to the normalization of global coal prices.

Indonesia's Coal Export Volume and Value (2013-2023)

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Indonesia's Coal Export Volume and Value (2013-2023)

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According to data from the Central Statistics Agency (BPS), Indonesia exported 379.71 million tons of coal throughout 2023, a 5.44% increase compared to 2022 (year-on-year/yoy).

However, the export value dropped by 26.03% (yoy) to approximately US$34.59 billion.

This decline in export value occurred in line with the normalization of coal prices.

Based on World Bank data, the average price of coal fell throughout 2023, after a sharp surge in 2022 due to the [Russia-Ukraine war](https://databoks.katadata.co.id/datapublish/2022/03/08/dampak-invasi-rusia-harga-batu-bara-acuan-tembus-us20369-per-ton).

The World Bank now projects that coal prices will tend to fall during 2024-2025, assuming that the Israel-Palestine war, which erupted in October 2023, does not spread to other regions, and there is no prolonged El Niño.

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."