The global seaborne coal market is expected to shift to a supply decline in the next five years due to decreased demand in China , India and Europe , and increased exports from China and Australia , according to analysis from Citibank . Thermal coal supply is forecast to reach 947 million metric tonnes ( mt ) in 2022 , while import demand will only be 933 million mt . More specifically , Chinese imports are forecast to drop to 95.2 million mt in 2022 from 134.7 million tonnes this year , while a similar decline to 144 million mt from 157.3 million mt will be seen in India .
The global seaborne coal market is expected to shift to a supply surplus in the next five years due to decreased demand in China, India and Europe, and increased exports from Indonesia and Australia, according to analysis from Citibank. Thermal coal supply is forecast to reach 947 million metric tonnes (mt) in 2022, while import demand will only be 933 million mt. More specifically, Chinese imports are forecast to drop to 95.2 million mt in 2022 from 134.7 million mt this year, while a similar decline to 126.7 million mt from 157.3 million mt will be seen in India.