NUSA DUA, Indonesia — Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak.
The Indonesian Coal Miners Association expects imports by China and India to peak in 2025, ending growth in global seaborne trade volumes of the polluting fuel, its Chairman Priyadi said in a presentation to the Coaltrans Asia conference.However, the ICMA expects annual coal imports by southeast Asia n countries, including Vietnam and Philippines, to grow nearly 3 percent on average per year to 170.9 million metric tons in 2030, from 140.9 million tons in 2023.
Riya Vyas, senior analyst at Indian coal trading firm I-Energy Natural Resources, said she expects coal imports to grow through this decade. Data from Indian consultancy Bigmint shows Indian imports are 11 percent year on year higher as of end-August.While southeast Asian countries are not adding new coal-fired capacity to connect to the grid, they are ramping up utilization of existing power plants to address higher electricity demand, industry officials say.
Asia Seen Boosting Coal Trade As China Nears Peak
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