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Friday, 07 May 21
INDONESIA'S THERMAL COAL EXPORTS IN 2020 DECREASED BY 13%; INDIA REMAINED THE TOP DESTINATION FOR INDONESIAN COAL - ASSOCARBONI
assocarboniAn increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philippines, Malaysia, Pakistan and Vietnam will keep import volumes high. China, Pakistan and Vietnam are the countries that contributed most to the growth in coal volumes during 2020, despite the pandemic.
 
Indonesia's thermal coal exports in 2020 decreased by 13%, reaching a volume of about 400 million tons, due to restrictions caused by the coronavirus pandemic that impacted global demand and all major coal producing countries, Assocarboni says in its latest report, 
 
India remained the top destination for Indonesian coal, and exports to China recorded a 102% year-on-year increase following bans on the import of Australian thermal coal into Chinese ports. Outside of these two key markets, all the other usual Indonesian coal importing countries (such as Vietnam, South Korea and Malaysia) recorded declines in 2020. 
 
For the next twenty years, the Ministry of Energy and Mineral Resources Indonesian has planned a 21% increase in coal production, for a volume of 678 million tons, but this additional tonnage will be used for its internal needs following the choice to support industry and power generation.
 
Australia's total coal exports fell 7% year-on-year in 2020, reaching a volume of 369.81 million tonnes, up from 396.43 million in 2019. In particular, thermal coal exports fell by 6%, reaching 198.74 million tons (212.48 million in 2019), mainly due to the Chinese ban on Australian imports in the fourth quarter of 2020. 
 
Metallurgical coal exports decreased by 7%, reaching to 171.08 million tons (183.96 million in 2019), with a decline that affected most of the main export destinations.
 
Russia's exports of thermal and metallurgical coal increased by about 1% on an annual basis, reaching a volume of 217 million tons, compared to 215 million in 2019. The higher volumes were as in previous years exported by sea, while around 24 million tons of coal were exported by rail, mainly destined for China and Europe. The production of Russian coal in 2020 decreased by 9% to 401.4 million tons.
Source: PRESS RELEASE ASSOCARBONI


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