Australia Coal Price Monthly and Annualy

The Australia Coal Price in International Commodity Markets for April 2024 is 134.97 dollars per metric tonne, as estimated by the World Bank. In comparison to the previous month, March 2024, when Australia Coal was valued at 131.49 dollars per metric tonne, there has been a net change of 3.48 dollars. This represents a percentage increase of 2.58%. Looking back to April 2023, the Australian Coal price stood at 194.28 dollars per metric tonne. The current data reflects a dynamic market with a modest increase in Australian Coal prices from April 2023 to April 2024, signaling potential shifts in global economic trends.

Australia Coal Price in Last 12 Months World Bank

Source: World-bank
Last Updated: 25 May 2024
IndexLast 12 MonthsNominal US Dollars($/mt) Net-ChgPercentage-Chg
13April 2023$ 194.28--
12May 2023$ 160.48 $ -33.80-21.06 %
11June 2023$ 139.42 $ -21.06-15.11 %
10July 2023$ 140.63 $ 1.210.86 %
9August 2023$ 152.61 $ 11.987.85 %
8September 2023$ 162.47 $ 9.866.07 %
7October 2023$ 142.12 $ -20.35-14.32 %
6November 2023$ 126.82 $ -15.30-12.06 %
5December 2023$ 141.82 $ 15.0010.58 %
4January 2024$ 124.90 $ -16.92-13.55 %
3February 2024$ 124.22 $ -0.68-0.55 %
2March 2024$ 131.49 $ 7.275.53 %
1April 2024$ 134.97 $ 3.482.58 %

Australia Coal Price Annual World Bank

The estimated Australian coal price in 2023 reached 172.78 dollars per metric tonne, reflecting the ongoing demand and market conditions. This figure highlights the significance of coal as a valuable resource for the country's energy sector and export market.

In the preceding year of 2022, the Australian coal price stood at 344.89 dollars per metric tonne. This figure exemplified the fluctuations experienced in the global coal market due to various factors such as supply and demand dynamics, geopolitical conditions, and environmental considerations.

The Australian coal market experienced a significant net change in its price during 2023, with an decrease of -172.11 dollars. This change represented a substantial loss of -99.61% in comparison to the previous year. Such a substantial loss margin indicated the lucrative nature of the coal industry in Australia and emphasized its economic significance.

Source: World-bank
Year Price Nominal US Dollars($/mt) Net-ChangePercentage-Change
1960 ---
1961 ---
1962 ---
1963 ---
1964 ---
1965 ---
1966 ---
1967 ---
1968 ---
1969 ---
1970 7.80--
1971$ 8.68$ 0.8810.14 %
1972$ 9.60$ 0.929.58 %
1973$ 11.48$ 1.8816.38 %
1974$ 16.89$ 5.4132.03 %
1975$ 26.84$ 9.9537.07 %
1976$ 27.16$ 0.321.18 %
1977$ 28.68$ 1.525.30 %
1978$ 29.06$ 0.381.31 %
1979$ 30.89$ 1.835.92 %
1980$ 40.14$ 9.2523.04 %
1981$ 53.62$ 13.4825.14 %
1982$ 54.77$ 1.152.10 %
1983$ 38.19$ -16.58-43.41 %
1984$ 30.96$ -7.23-23.35 %
1985$ 33.75$ 2.798.27 %
1986$ 31.13$ -2.62-8.42 %
1987$ 27.50$ -3.63-13.20 %
1988$ 34.88$ 7.3821.16 %
1989$ 38.00$ 3.128.21 %
1990$ 39.67$ 1.674.21 %
1991$ 39.67$ 0.000.00 %
1992$ 38.56$ -1.11-2.88 %
1993$ 31.33$ -7.23-23.08 %
1994$ 32.30$ 0.973.00 %
1995$ 39.37$ 7.0717.96 %
1996$ 38.07$ -1.30-3.41 %
1997$ 35.10$ -2.97-8.46 %
1998$ 29.23$ -5.87-20.08 %
1999$ 25.89$ -3.34-12.90 %
2000$ 26.25$ 0.361.37 %
2001$ 32.31$ 6.0618.76 %
2002$ 25.31$ -7.00-27.66 %
2003$ 26.09$ 0.782.99 %
2004$ 52.95$ 26.8650.73 %
2005$ 47.62$ -5.33-11.19 %
2006$ 49.09$ 1.472.99 %
2007$ 65.73$ 16.6425.32 %
2008$ 127.10$ 61.3748.28 %
2009$ 71.84$ -55.26-76.92 %
2010$ 98.97$ 27.1327.41 %
2011$ 121.45$ 22.4818.51 %
2012$ 96.36$ -25.09-26.04 %
2013$ 84.56$ -11.80-13.95 %
2014$ 70.13$ -14.43-20.58 %
2015$ 58.94$ -11.19-18.99 %
2016$ 66.12$ 7.1810.86 %
2017$ 88.52$ 22.4025.31 %
2018$ 107.02$ 18.5017.29 %
2019$ 77.89$ -29.13-37.40 %
2020$ 60.79$ -17.10-28.13 %
2021$ 138.05$ 77.2655.97 %
2022$ 344.89$ 206.8459.97 %
2023$ 172.78$ -172.11-99.61 %

Introduction

Australia is renowned for its abundant coal reserves and is one of the world's largest coal exporters. The country's coal industry is primarily concentrated in the states of Queensland and New South Wales, where significant coal mining activities take place. With its strategic geographic location and high-quality coal resources, Australia has become a key player in the global coal market.

Factors Influencing Australia Coal Prices

Several factors contribute to the fluctuation of Australian coal prices. These include:

 1. Global Energy Demand and Consumption

The global energy demand, particularly from emerging economies like China and India, significantly impacts Australia's coal prices. As these countries continue to experience rapid industrialization and urbanization, the demand for coal as a primary energy source remains strong. Shifts in global energy policies, such as the transition to cleaner energy alternatives, also influence the demand for coal and subsequently affect its price.

 2. Supply and Production Levels

The supply and production levels of coal in Australia have a direct impact on its price. Factors like mining regulations, labor disputes, weather conditions, and infrastructure constraints can affect coal production. Any disruptions to the supply chain can lead to fluctuations in coal prices.

 3. Currency Exchange Rates

As an export-oriented industry, the value of the Australian dollar with other currencies plays a crucial role in determining coal prices. A stronger Australian dollar can make coal exports more expensive, potentially affecting demand and price competitiveness in the global market.

Know Australia Currency Exchange Rate
 4. Environmental and Climate Policies

The growing concerns over climate change and the adoption of stricter environmental regulations can influence the demand for coal. Policies aimed at reducing greenhouse gas emissions and promoting renewable energy sources can lead to a decrease in coal consumption, thereby impacting its price.

Current Trends in Australian Coal Price

In recent years, Australian coal prices have experienced both ups and downs due to various factors. The following trends are noteworthy:

 1. Recovery from Market Downturn

The coal market faced a significant downturn in 2020 due to the COVID-19 pandemic and the subsequent economic slowdown. However, as economies recover and industrial activities resume, the demand for coal has rebounded. This recovery has positively influenced Australian coal prices.

 2. Shift toward Cleaner Energy Sources

With an increasing global focus on reducing carbon emissions, there is a gradual shift away from coal towards cleaner energy sources. This transition has put pressure on coal prices, especially for lower-quality coal. However, Australia's high-quality coal and efficient mining practices have allowed it to maintain its competitiveness in the market.

Future Outlook of Australia Coal Price

While the future of the coal industry is influenced by numerous factors, including the global energy transition, there are several key aspects to consider:

 1. Continued Demand from Emerging Economies

Despite efforts to reduce coal consumption, emerging economies like China and India are expected to continue relying on coal as an essential energy source for the foreseeable future. This sustained demand can provide stability to Australia's coal prices.

 2. Environmental Regulations and Clean Energy Transition

The tightening of environmental regulations and the increasing shift towards clean energy alternatives will continue to put pressure on coal prices. Australia's coal industry will need to adapt to these changes by improving environmental practices and exploring carbon capture and storage technologies.

 3. Diversification of Energy Sources

To reduce dependency on coal and mitigate climate change risks, many countries are diversifying their energy sources. This diversification may lead to a gradual decline in coal demand, which could impact Australia's coal prices in the long run.

Conclusion

The Australian coal price is influenced by a complex interplay of factors, including global energy demand, supply levels, currency exchange rates, and environmental policies. While the industry has faced challenges, the demand from emerging economies and the quality of Australia's coal resources provide opportunities for stability and growth. As the world transitions to cleaner energy sources, the coal industry must adapt and innovate to remain relevant. By staying abreast of market trends and focusing on sustainability, Australia's coal industry can navigate the evolving landscape and contribute to the country's energy future.