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Coal Mining in China - Market Research Report (2014-2029)

IBISWorld IBISWorld Beijing, China Last Updated: May 2024 0610

Revenue

$681.3bn

2024

$765.1bn

Past 5-Year Growth

Profit

$XX.Xbn

Employees

5m

Businesses

4,890

Wages

$XX.Xbn

Coal Mining in China industry analysis

Revenue for the Coal Mining Industry in China is expected to grow at an annualized 10.4% over the five years through 2023, including a 12.6 rise to $681.3 billion in 2023. Revenue declined in 2020, and was largely due to demand moving away from coal in favor of cleaner energy sources, decreasing coal prices, competition from lower priced imported coal, and the COVID-19 pandemic. Coal shortage in 2021 caused sharp increase of coal prices, therefore, industry revenue increased to $535.5 billion, up by 68.7% from 2021.Raw coal output in China is expected to increase from 3.7 billion tons in 2018 to 4.9 billion tons in 2023, with an annualized growth rate of 5.7%. Industry imports are expected to increase at an annualized 14.9% over the five years through 2023, to total $46.0 billion. Imports have decreased as a share of domestic demand over the past five years to account for 6.3% in 2023.The industry has changed rapidly over the past five years. Extensive restructuring has prompted many mergers, acquisitions and exits. The Chinese Government has been offering incentives for smaller companies to leave the industry due to environmental and safety concerns. As a result, the number of industry enterprises has grown at an annualized 1.7% over the five years through 2023.Industry revenue is forecast to increase at an annualized 11.7% over the five years through 2028, to total $1184.7 billion. Imports are anticipated to increase at an annualized 6.3% over the same period. Under the industry policy's assistance such as “14th Five-Year” Modern Energy System Planning, the Coal Mining industry in China is expected to keep in a healthy and long-term development trend. As more industry assistance and support are provided to large-scale enterprises, mergers and acquisitions are projected to become more common over the period. The share of small enterprises will likely continue to decline, increasing industry concentration levels. The industry is anticipated to optimize resources for distribution, and reduce waste and production costs. Industry output and demand are projected to become more balance over the next five years.

Trends and Insights

  • The conflict between Russia and Ukraine in 2022 is expected to influence exports and imports of the Coal Mining in China in the future five years.
  • Industry firms mine two types of bituminous coal: coking and gas. Bituminous coal is estimated to account for approximately 90% of production, totaling 3.8 billion tons, while anthracite coal accounts for the remaining 10%.
  • The geographic spread of coal output follows the geographic spread of coal reserves in China. The major reserves of bituminous coal and anthracite coal in China are in Shanxi and Inner Mongolia in North China; Anhui and Shandong in East China; and Henan in the Middle South China.
  • Competition among large players is largely steady, as these companies are often controlled by the government.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 10.4 % over the past five years, to reach an estimated $681.3bn in 2024.

Trends and Insights

The industry was supported by the government during past years

  • In 2007, the Eleventh Five-Year Plan for the Coal Mining industry prompted a restructuring of the industry to regulate output and performance. The plan encouraged the industry to develop a large base and enterprise group, and restructure and integrate small- and medium-scale coal mines.
  • Additional trends and insights available with purchase
Coal Mining in China
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

International situation will influence industry development

  • The conflict between Russia and Ukraine in 2022 is expected to affect the global energy supply and boost energy prices further. Russia is a major exporter of oil, natural gas and coal.

Biggest companies in the Coal Mining in China

Company
Market Share (%)
2023
Revenue ($short_0)
2023

There are no companies that hold a large enough market share in the Coal Mining in China industry for IBISWorld to include in this product.

Products & Services Segmentation

Coal Mining in China
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Coking coal, Gas coal and Anthracite coal. Coking coal is the largest segment of the Coal Mining in China.

Trends and Insights

Coking coal is the largest product segment of the industry

  • With a high carbon content, coking coal is used mainly for producing coke, which has a much higher energy concentration and is mainly used for iron and steel smelting.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Industry operators mine two types of black coal: bituminous and anthracite. The industry includes underground mining and surface mining. Some mining enterprises also have facilities to wash and process raw coal to yield qualified products for different downstream industries.

What's included in this industry?

Coking coalGas coalAnthracite coal

Companies

Purchase this report to view all major companies in this industry.

Related Terms

BITUMINOUS COALANTHRACITE COALLIGNITE COALCOKE

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The conflict between Russia and Ukraine in 2022 is expected to influence exports and imports of the Coal Mining in China in the future five years.

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Industry firms mine two types of bituminous coal: coking and gas. Bituminous coal is estimated to account for approximately 90% of production, totaling 3.8 billion tons, whil...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The geographic spread of coal output follows the geographic spread of coal reserves in China. The major reserves of bituminous coal and anthracite coal in China are in Shanxi...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Competition among large players is largely steady, as these companies are often controlled by the government.

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Most scaled participants are state-owned companies. Since ore resources are limited and valuable, the government established companies for coal mining.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024

Detailed analysis

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

    The government is strengthening the industry's regulations to ensure constant and steady coal supplies

    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

    • Regulation & Policy historical data and forecast (2014-2029) 
    • Assistance historical data and forecast (2014-2029) 

    Detailed analysis

    • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
    • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
    • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

    Financial Benchmarks

    View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

    Analyst insights

    Industry profit has been stable. The profit level of some large enterprises with technology and scale advantages is higher than the general profit level of the whole industry...

    In this chapter

    • Cost Structure
    • Financial Ratios
    • Key Ratios

    Key metrics

    • Profit margin, and how it compares to the sector-wide margin
    • Average wages, and how it compares to the sector-wide average wage
    • Largest cost component as a percentage of revenue
    • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

    Charts

    • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
    • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
    • Investment vs. share of economy

    Data tables

    • Cash Flow & Debt Service Ratios (2014-2029)
    • Revenue per Employee (2014-2029)
    • Revenue per Enterprise (2014-2029)
    • Employees per Establishment (2014-2029)
    • Employees per Enterprise (2014-2029)
    • Average Wage (2014-2029)
    • Wages/Revenue (2014-2029)
    • Establishments per Enterprise (2014-2029)
    • IVA/Revenue (2014-2029)
    • Imports/Demand (2014-2029)
    • Exports/Revenue (2014-2029)

    Detailed analysis

    • Trends in the cost component for industry operators and their impact on industry costs and profitability 

    Key Statistics

    Industry Data

    Data Tables

    Including values and annual change:

    • Revenue (2014-2029)
    • IVA (2014-2029)
    • Establishments (2014-2029)
    • Enterprises (2014-2029)
    • Employment (2014-2029)
    • Exports (2014-2029)
    • Imports (2014-2029)
    • Wages (2014-2029)

    Top Questions Answered

    Unlock comprehensive answers and precise data upon purchase. View purchase options.

    What is the market size of the Coal Mining industry in China in 2024?

    The market size of the Coal Mining industry in China is $681.3bn in 2024.

    How many businesses are there in the Coal Mining in China industry in 2024?

    There are 4,890 businesses in the Coal Mining industry in China, which has grown at a CAGR of 1.7 % between 2019 and 2024.

    Has the Coal Mining industry in China grown or declined over the past 5 years?

    The market size of the Coal Mining industry in China has been growing at a CAGR of 10.4 % between 2019 and 2024.

    What is the forecast growth of the Coal Mining industry in China over the next 5 years?

    Over the next five years, the Coal Mining industry in China is expected to grow.

    What does the Coal Mining in China include?

    Coking coal and Gas coal are part of the Coal Mining industry.

    How competitive is the Coal Mining industry in China?

    The level of competition is moderate and steady in the Coal Mining industry in China.

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    Widen your competitive advantage with related industries

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    Methodology

    How are IBISWorld reports created?

    IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

    Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

    IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

    What data sources do IBISWorld analysts use?

    Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

    Key data sources in China include:

    • National Bureau of Statistics China
    • General Administration of Customs
    • People’s Bank of China

    Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

    These sources include:

    • Industry and trade associations
    • Industry federations or regulators
    • Major industry players annual or quarterly filings

    Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

    How does IBISWorld forecast its data?

    IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

    IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

    Learn more about our methodology and data sourcing on the Help Center.