The United States coal market was valued at USD 70.35 Billion in 2024. The industry is expected to grow at a CAGR of 0.90% during the forecast period of 2025-2034 to attain a valuation of USD 76.94 Billion by 2034.
United States Coal Market Outlook
The United States coal market expansion is being aided by the increasing coal production in the country due to its relative price stability compared to other fuels, such as natural gas. In Q1 2024, coal production reached 129.9 MMst, with the western region accounting for a share of nearly 52.4%. Compared to Q4 2023, coal exports surged by 2.4% in Q1 2024, while the average price was $153.34 per short ton.
To meet the increasing demand for coal from the energy industry, the USA imported a substantial quantity of coal from Colombia (22.5%) and Canada (49.5%). The USA consumed 100.2 MMst in Q1 2024, nearly 90.5% of which was consumed by the electric power sector. The robust demand for coal is expected to largely remain stable, as global fuel prices remain volatile and businesses shift to using cost-effective fuel alternatives.
The Rising Demand for Thermal Coal in Power Generation is One of the Crucial United States Coal Market Trends
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