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Coal is nothing but a sedimentary rock of black color, made up of combustible carbon. It's a type of fossil fuel that has been used as a major source of energy for centuries. Its usage has drastically increased after the Industrial Revolution, especially after the invention of the steam engine. Well, it is not wrong to say that coal plays a significant part in the development of any nation, and thus, its demand among coal buyers always remains at its peak.
Coal can be classified into the following major types.
Coal is one of the most important fossil fuels and the second-largest energy source. People also refer to it as 'Black Gold'. In fact, both developed and developing nations depend on it for electricity generation. Traditionally speaking, coal is often used for cooking and home heating purposes. Recent data shows the growth in the number of coal imports and exports, particularly in the last few years, because of its ever-growing demand. The following data related to coal imports can be handy to strategize your move for growing your coal export business.
Its domestic, industrial, and infrastructural demand has increased. And that's why this commodity holds a considerable share of the market. When we talk about the biggest coal importers, Vietnam takes the top spot. Below are the top 3 coal-importing nations, with their total shipments and number of buyers. It will give an outlook of favorable or potential markets to sell coal.
Source: Volza
As we already know about coal, it can be found almost everywhere in the world. Its vast usage, both industrial and domestic, is the reason why importers buy coal in bulk quantities. From generating electricity to the manufacturing of some important products like steel, coal is an indispensable ingredient. Here are some of the most common applications of coal:
Here are some ways to look for verified coal importers.
To access global coal buyers directly without any hassle, click here.
Frequently Asked Questions (FAQs):
1. What is the coal price today?
The coal price today is 98 USD/ MT (metric ton). For regular coal price updates, visit TradingEconomics.
2. What is the price of coal per kg?
The coal price per kg is $0.098. This price may vary depending on various factors.
3. Who is the biggest buyer of coal?
As of 2023-24, the biggest buyer of coal globally is Vietnam, followed by India and Nepal.
4. Who is the top 5 exporter of coal?
The top 5 coal exporters are Russia, China, India, Botswana, and Indonesia. (This recent data is subject to change over time. Source: Volza).
5. How to find coal buyers near me?
If you are searching for ‘how to find coal buyers near me’ online, then go to the go4WorldBusiness platform and browse coal buyers by country or region. Or, simply click here.
6. How can I find reliable coal buyers or importers?
You can find reliable coal buyers or importers on B2B online platforms like go4WorldBusiness.com. Besides, you can also meet your potential buyers through networking events and trade shows.
To explore answers to the most frequently asked questions about coal export and import, click here!
