Thursday, 25 January 2024 09:17

Indonesia Dominates 34.1% of Global Coal Exports in 2023

In 2023, the global demand for coal witnessed a significant increase, reaching an estimated volume of 1.47 billion tons, indicating a 6.6% rise compared to the previous year, according to the International Energy Agency (IEA). Indonesia maintained its position as the largest coal exporter globally in 2023, contributing 500 million tons or 34.1% of the total global coal exports. This solidifies Indonesia's pivotal role in influencing the dynamics of the international coal market. Australia secured the second position with coal exports totaling 348 million tons, equivalent to 23.7% of the global export share. Following closely, Russia ranked third with exports amounting to 221 million tons, representing around 15.1% of the total global coal exports. Other significant coal-exporting nations include the United States, South Africa, Colombia, and Canada. When combined, these seven countries dominate approximately 89.8% of the total global coal exports in 2023.

Throughout 2023, major coal-exporting nations experienced overall growth in coal sales. The most substantial increase was reported by the United States, with a 9.1% year-on-year (YoY) rise in coal exports. Indonesia's coal exports also grew by 6.2% YoY, while South Africa witnessed a 2.9% YoY increase. Australia, Canada, and Colombia each reported a roughly 1% YoY growth. Conversely, Russia's coal exports decreased by 1.2% YoY in 2023. According to data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia achieved a new record-high coal production of 775 million tons in 2023, marking a 12.8% increase from the previous year. Of this total, 518 million tons were utilized for exports, reflecting an 11.4% YoY growth. Minister of ESDM, Arifin Tasrif, attributed this surge to the growing energy demand and disruptions in alternative energy supplies. In 2023, 213 million tons of coal were allocated for the domestic market obligation (DMO) or domestic needs, surpassing the set target of 177 million tons. Minister Arifin highlighted the increased domestic utilization of coal, particularly due to the rising demand for electricity. He stated that the second reason for the DMO increase was the ongoing development of new Steam Power Plants (PLTU) with a capacity of 35 gigawatts. The Ministry of ESDM has set a coal production target for 2024 at 710 million tons, with an allocation of 181.28 million tons for domestic needs.

Source: https://www.rmolsumsel.id/indonesia-kuasai-341-persen-ekspor-batu-bara-global-pada-2023

 

 

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