Industry Analysis & Industry Trends
Revenue for the Coal Mining Industry in China is estimated to decrease at an annualized 11.3% over the five years to 2016, including a 12.3% decline to $280.5 billion in 2016. Revenue fell over the five-year period due to the substitution of energy from coal for cleaner energy sources, decreasing coal prices, and competition from lower-priced imported coal.
Raw coal output in China is expected to increase from 3.52 billion tons in 2011 to 3.44 billion tons in 2016. During the same period, spending on imported coal has been declining an average of 16.4% annually, from $23.9 billion to $9.7 billion. Imports as a share of domestic demand are estimated to decline from 4.5% in 2011 to 3.4% in 2016.
The industry experienced rapid change during the past five years.... purchase to read more
Industry Report - Industry Products Chapter
In 2016, China's output of bituminous coal and anthracite coal is estimated at 3.44 billion tons. Bituminous coal is estimated to account for about 80% of production, totaling 2.75 billion tons, while anthracite coal accounts for 20%.
There are two main types of bituminous coal: coking coal and gas coal. With a high carbon content, coking coal is used mainly for producing coke, which has a much higher energy concentration and is mainly used for iron and steel smelting (IBISWorld industry report 3210). In recent years, electricity demand in China has increased steadily, resulting in a large proportion of low-grade coking coal being used as steaming coal to generate electricity.
.. purchase to read more