@ARTICLE{Stala-Szlugaj_Katarzyna_World_2021, author={Stala-Szlugaj, Katarzyna and Grudziński, Zbigniew}, volume={vol. 37}, number={No 2}, journal={Gospodarka Surowcami Mineralnymi - Mineral Resources Management}, pages={5-26}, howpublished={online}, year={2021}, publisher={Komitet Zrównoważonej Gospodarki Surowcami Mineralnymi PAN}, publisher={Instytut Gospodarki Surowcami Mineralnymi i Energią PAN}, abstract={The article analyzes trends in steam coal flows (exports and imports) linked to production and consumption volumes. The analysis carried out in the article took the years from 2000 to 2019 into consideration. Coal is the second most important energy carrier. Its share in the structure of global consumption amounts to 27% and its production has an upward trend despite its decreasing share. The overall global upward trend of steam coal flows was disrupted twice over the period 2000–2019: by the effects of the 2007–2009 global financial crisis and the ongoing uncertainty of the global economy, as well as by the significant slowdown in the economic growth of developing countries (2014–2016). The European Union has seen large decreases in coal consumption over recent years, reflecting an accelerating decarbonization policy. The main area of coal trade is the Asia-Pacific basin. The Atlantic market currently accounts for about 20% of global steam coal trade, with seaborne trade covering about 95%. The volume of world trade (exports, imports) in steam coal is approximately one billion (bn) tons per year. The analysis carried out showed the following trend: decreasing coal exports to economically developed countries (mainly concentrated in Europe) and increasing exports to economies of developing countries, concentrated in the Asian part of the world. International Energy Agency (IE A) projections show that by 2040 the global coal production will fall from 5.6bn tons of coal equivalent (3.9bn tons of oil equivalent in 2019) to 5bn tce (3.5bn toe) at an average annual rate of –1.1%. Steam coal production is expected to decline by 10% to 4bn tce (2.8bn toe). Due to the fact that China is the largest producer, user and importer of steam coal in the world, all economic and political decisions taken by its government have strongly influenced international coal trade for years. For the Asia-Pacific basin alone, the IE A’s long-term forecasts predict an increase in coal-fired power generation over 2019. Forecasts regarding the coal’s share in global demand are not optimistic for many regions of the world (Europe, Africa, the Americas), predicting a significant decline in its demand. Yet, new markets for coal are emerging, especially in Asia and the Mediterranean basin, which may contribute to maintaining at least the current level of coal trade.}, type={Article}, title={World steam coal management}, URL={http://journals.pan.pl/Content/120049/Stala-Szlugaj-Grudzi%C5%84ski.pdf}, doi={10.24425/gsm.2021.137564}, keywords={steam coal, trade, exports, imports}, }