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Indonesia's non-coking coal exports increase by nearly 13% y-o-y in Jan-Oct '24

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Non Coking

BigMint Bureau

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15 Nov 2024, 17:47 IST

Indonesia's non-coking coal exports increase by nearly 13% y-o-y in Jan-Oct '24

Exports to Philippines see highest rise at 21.7%

Shipments to India grow 8.4%, China up by 4.5%

In January-October 2024, Indonesian non-coking coal exports stood at 329.49 mnt, increasing by 12.7% from 292.26 mnt in the year-ago period, as per vessel line-up data from BigMint.

Overall, Indonesian coal exports rose by 12.9% y-o-y in January-October 2024 to 332.42 million tonnes (mnt) compared to 294.51 mnt in January-October 2023.

Non-coking coal exports to Asian countries

China: China remained the top destination, with non-coking coal shipments totalling 86.65 mnt in January-October 2024, up by 4.5% from 82.91 mnt in the same period in 2023.

India: Exports to India touched 88.56 mnt in January-October 2024, an 8.4% increase from 81.69 mnt in the corresponding period last year (CPLY).

Philippines: Shipments to the Philippines rose by 21.7% to 29.52 mnt in January-October 2024, compared to 24.26 mnt in January-October 2023.

Malaysia: Exports to Malaysia increased by 19.8% to 20.47 mnt in January-October 2024, up from 17.09 mnt in CPLY.

Japan: Exports to Japan rose by 17.4% to 18.90 mnt in January-October 2024, compared to 16.09 mnt in the same period in 2023.

Port-wise non-coking coal exports

Samarinda: Exports from Samarinda declined by 38.1% to 45.94 mnt in January-October 2024 from 74.24 mnt in the year-ago period.

Taboneo: Shipments from Taboneo increased significantly by 33.8% y-o-y to 55.57 mnt in January-October 2024, compared to 41.54 mnt in the CPLY.

Outlook

There have been rumours about Indonesia banning coal exports to boost local industries, but these are unlikely to be true, say market experts. Talks started after a conference suggested restricting coal and other resources to attract investments. However, miners dismissed the idea, noting Indonesia's strong coal trade and China being a key buyer. Experts also note that imposing restrictions during President Prabowo's visit to China could strain relations. Additionally, requiring coal washing before export is unlikely to happen due to cost concerns.