Overview

• The global demand for coal reached a historic 8.77 billion tonnes in 2024, according to the International Energy Agency (IEA).
• Despite record consumption, the IEA predicts coal demand will plateau by 2027 due to the rapid expansion of renewable energy technologies.
• China remains the largest consumer, burning one-third of the world's coal, while emerging economies like India, Indonesia, and Vietnam continue to drive demand.
• Advanced economies have peaked in coal consumption, with declines expected as they pursue ambitious energy policies and alternative energy sources.
• Weather patterns and growing electricity needs, including for transportation and data centers, could cause short-term fluctuations in coal demand.