Australian Coal Prices Were Higher Than Indonesian Coal Prices Throughout 2022

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Adi Ahdiat 05/01/2023 18:10 WIB

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Throughout 2020-2021, Indonesian and Australian coal prices were highly competitive. However, throughout 2022, Australian coal prices consistently remained higher than Indonesian coal.

Comparison of Australian and Indonesian Coal Prices (January 2020-December 2022)

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Australian Coal Prices Were Higher Than Indonesian Coal Prices Throughout 2022

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Comparison of Australian and Indonesian Coal Prices (January 2020-December 2022)

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Based on International Energy Agency (IEA) data, Indonesia and Australia are major coal exporters globally.

In 2020, Indonesia's coal exports reached 405 million tons, the largest in the world. During the same period, Australia exported 390 million tons, ranking second.

Throughout 2020, Indonesian and Australian coal prices were highly competitive. In 2021, Australian coal prices began to surpass Indonesian prices, although Indonesia briefly took the lead in November.

However, throughout 2022, Australian coal consistently commanded higher prices than Indonesian coal, as shown in the graph above.

According to the IEA's *Coal 2020 Prices and Costs* report, this price difference is due to variations in coal quality.

"Approximately 85% of globally exported thermal coal from Australia has high calorific value (above 5,700 kcal/kg). Japan, Korea, and Taiwan are its main importers," stated the IEA.

"Meanwhile, 37% of Indonesian exported coal has low calorific value (below 4,500 kcal/kg), with only 8% having high calorific value. Its largest importers are China and India," it continued.

The IEA explained that low-calorific coal is cheaper due to its lower energy content. Low-calorific coal also generally incurs higher logistics costs because of its higher ash and water content.

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."