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24 Sep 2024

Econ Digest

Thai coal business outlook for 2024

คะแนนเฉลี่ย

        Global coal demand is expected to grow by 0.4% in 2024, slowing from 2.6% in the previous year, driven by higher demand in India and slowing demand in China. Such growth will push the volume of coal sales of Thai companies in overseas markets to expand by 1.7%, while domestic coal consumption in 2024 is expected to contract by around 6.3%. Industrial coal demand is expected to contract by around 25% in line with environmental conservation trends and reduced production activities. However, domestic demand will still be supported by the power generation sector, which will expand by around 4.5% in line with increased coal consumption to reduce electricity production costs.

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Econ Digest