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Global seaborne coal trade rose 0.
7 percent
in 2019 due to higher production in China and Indonesia and more export activity from Indonesia, Australia, Russia and Canada, VDKI said Friday.
VDKI Managing Director Franz-Josef Wodopia, citing VDKI estimates, quoted VDKI's estimates as saying that the total volume of global seaborne coal imports and exports increased to 1.
218 billion tons in 2019 from 1.
21 billion tons
in 2018.
Trade in coking coal for steelmaking fell 1% to 287 million tonnes
in 2019 due to lower steel production.
But trade in thermal coal used in power stations rose 1.
2 percent to 932 million tonnes
.
World demand growth was largely led by India, where the start of new power plants boosted imports by 5.
3 percent to 235 million tonnes, mainly from Australia, Indonesia and China
, VDKI said.
In the Asia-Pacific market, South Korea reduced imports by 7%
after implementing controls to limit particulate matter emissions.
In contrast, the Atlantic market is structurally weak as developed countries place greater emphasis on renewable energy, leading to greater efforts
to combat climate change.
In addition, the glut of natural gas has made natural gas a relatively cheap alternative to coal in Western Europe, reducing its CO2 emissions by about half
compared to power plants that use coal.
The International Energy Agency said last month it expected world coal demand to remain stable
through 2024.
However, analysts cite rising demand in Southeast Asia as a reason for expecting prices to recover
this year.
In the longer term, the 2015 Paris Climate Agreement called for a virtual end to coal-fired power generation by 2050, and Germany recently agreed to phase out coal-fired power generation
altogether by 2038.
Global seaborne coal trade rose 0.
7 percent
in 2019 due to higher production in China and Indonesia and more export activity from Indonesia, Australia, Russia and Canada, VDKI said Friday.
VDKI Managing Director Franz-Josef Wodopia, citing VDKI estimates, quoted VDKI's estimates as saying that the total volume of global seaborne coal imports and exports increased to 1.
218 billion tons in 2019 from 1.
21 billion tons
in 2018.
Trade in coking coal for steelmaking fell 1% to 287 million tonnes
in 2019 due to lower steel production.
But trade in thermal coal used in power stations rose 1.
2 percent to 932 million tonnes
.
World demand growth was largely led by India, where the start of new power plants boosted imports by 5.
3 percent to 235 million tonnes, mainly from Australia, Indonesia and China
, VDKI said.
In the Asia-Pacific market, South Korea reduced imports by 7%
after implementing controls to limit particulate matter emissions.
In contrast, the Atlantic market is structurally weak as developed countries place greater emphasis on renewable energy, leading to greater efforts
to combat climate change.
In addition, the glut of natural gas has made natural gas a relatively cheap alternative to coal in Western Europe, reducing its CO2 emissions by about half
compared to power plants that use coal.
The International Energy Agency said last month it expected world coal demand to remain stable
through 2024.
However, analysts cite rising demand in Southeast Asia as a reason for expecting prices to recover
this year.
In the longer term, the 2015 Paris Climate Agreement called for a virtual end to coal-fired power generation by 2050, and Germany recently agreed to phase out coal-fired power generation
altogether by 2038.
