Australia's metallurgical coal export revenues forecast to decline in 2024-25

Australia's metallurgical coal export revenues are projected to undergo a decline, dropping from A$62 billion in 2022-23 to A$41 billion by 2024-25, as outlined in the quarterly forecast report from the Australian Government's Department of Industry, Innovation and Science.

Although the demand for metallurgical coal remains stable, the global coal trade is poised to grow from 312 million tons in 2022 to 316 million tons by 2025. Predictions indicate that the average price for premium hard coking coal in Australia will decrease to approximately $200 per tonne by 2025, primarily due to improved supply conditions. Additionally, heightened production levels in New South Wales and Queensland are expected to bolster export volumes.