Prices referenced are Australian coal prices, as it is the main benchmark for the Asian market, and has the following specifications: coal (Australia), port thermal, f.o.b., Newcastle, 6,000 kcal per kilogram, futures price.
The price for one metric ton of Australian thermal coal amounted to an average of U.S. dollars in 2025. This was a notable decrease compared to 2024, when the price amounted to over *U.S. dollars. Thermal coal, also known as steam coal, is used to generate electricity and its properties include a high moisture and low energy content. It is differentiated from coking coal, or metallurgical coal, which is largely used for steel production. Thermal coal/steam coal prices tend to be lower than coking coal prices, as coking coal requires fewer impurities.
Coal consumption: the leading consuming countries
Between 2000 and 2023, global coal consumption increased by some exajoules, amounting to roughly *** exajoules as of 2023. Today, China and India are the two leading coal consumers worldwide, at and exajoules, respectively. The two most populous countries on the planet thus accounted for over of total coal consumption in 2023.Â
The U.S. is a leading coal consumer despite the declining U.S. coal mining industry
The United States was ranked among the leading coal consuming nations in 2023, however, it has decreased its coal consumption for electricity generation considerably since 2007. This is largely the result of electric utilities switching to cheaper means of energy production such as natural gas and renewables, as well as growing concerns over greenhouse gas emissions. The U.S. coal mining industry has also been on the decline in recent years.
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World Bank. (March 2, 2026). Price of thermal coal from 2014 to 2025 (in U.S. dollars per metric ton) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 18, 2026, from /statistics/214236/thermal-coal-prices/
World Bank. "Price of thermal coal from 2014 to 2025 (in U.S. dollars per metric ton)." Chart. March 2, 2026. ÌÇÐÄÆÆ½â°æ. Accessed July 18, 2026. /statistics/214236/thermal-coal-prices/
World Bank. (2026). Price of thermal coal from 2014 to 2025 (in U.S. dollars per metric ton). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 18, 2026. /statistics/214236/thermal-coal-prices/
World Bank. "Price of Thermal Coal from 2014 to 2025 (in U.S. Dollars per Metric Ton)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 2 Mar 2026, /statistics/214236/thermal-coal-prices/
World Bank, Price of thermal coal from 2014 to 2025 (in U.S. dollars per metric ton) ÌÇÐÄÆÆ½â°æ, /statistics/214236/thermal-coal-prices/ (last visited July 18, 2026)
Price of thermal coal from 2014 to 2025 (in U.S. dollars per metric ton) [Graph], World Bank, March 2, 2026. [Online]. Available: /statistics/214236/thermal-coal-prices/