INDIA coal imports rise downward for 2024, have a negative impact on the delivery of dry bulk. In a recent weekly report, Banchero Costa ships said that “In Jan-DES 2024, the loading of global sea coal increased +2.4% Yo-y to 1,371.8 mln T (excluding Cabotage), based on ship tracking data data from Axs Marine. This is a slowdown in growth +5.8% yoy seen in 2023. In January-2024, exports from Indonesia increased +7.7% yoy to 532.9 mln tons, while from Australia it rose +3.5% yoy to 356.1 mln t. From Russian exports decreased by -12.2% yoy to 162.1 mln T in Jandec 2024, from the US increased +4.6% yoy to 90.6 mln T, from South Africa increased +2.2% y -Oy to 62.1 mln t. Delivery from Colombia decreased by -0.8% yoy to 55.9 mln T in Jandec 2024, from Canada down -1.5% yoy to 49.2 mln T, and from mozambic by -10.5% toys to 21, 3 mln t. Seaborne Coal Imports into Mainland China Increased by +15.9% Yoy to 427.1 mln T in Jan -Dec 2024. Imports to India Declined by -1.8% Yo -Y to 236.5 mln T, to Japan declined by -2.1% yoy to 157.1 mln t At Jandec 2024, to South Korea -6.2% y -Oy to 110.2 MLN t. For EU imports down -27.2% yoy to 25.3 mln tons in Jan -Des 2024, while Vietnam volume increased +19.1% yoy to 56.5 mln tons “.
Source: Bancha Costa
According to the ship, “India is the second largest sea coal importer in the world after the mainland China, accounts for 17.3% of the global marine coal market in 2024. The volume of imports to India increased very strongly for 2022 and 2023, then slowed down in 2024 in total Sea coal imports to India in 2022 reached 225.4 mln tons, +10.3% yoy, according to the AXS sea ship tracking data. In 2023, India imported 240.8 mln T of coal, up +6.9% yoy. However, in Jan -Des 2024, imports decreased -1.8% yoy to 236.5 mln t. 32% of the coal volume sent to India in 2024 was published on capsize ships, with 9% on postpanamax ships, 40% in Panamax tonnage, and 19% in supramax “.
Banchero Costa added that “About 60 percent of coal imports to India were sent to the east coast of the country, especially to the states of Odisha and Andhra Pradesh. The remaining majority runs out in the northwestern state of Gujarat, the most industrial state in India, which is alone accounts for 30 percent of Indian coal imports. The main coal import terminals in India are: Mundra in Gujarat (31.1 mln T discharged in Jan-Dec 2024), Krishnapatnam in Andhra Pradesh (22.9 mln T), Dhamra in Odisha (22.6 mln T), Paradip (22.1 mln T), Visakhapatnam (18.4 mln T), Hazira (14.4 mln t), Jaigad (12.9 mln T), Gangavaram (12.8 mln T), Tuticorin (9.2 mln T), Ennore (8.2 mln T), New Mumbai (6.5 mln T) (7.3 mln T), Mumbai (6.5 mln T), Candla (7.3 mln T), Mumbai (6.5 mln T), Candla (7.3 MLN T), Mumbai (6.5 mln T), Candla (7.3 mln T), Mumbai (6.6 mln T), Candra (7.3 mln T), Mumbai (6.6 mln T), Dahej (6 , 5 mln T), Mormugao (5.5 mln T).
Source: Bancha Costa
The trading pattern for Indian imports see significant changes due to commercial and political factors. Indonesia continues to be the top exporter of coal to India, contributing 43.6% of India’s total imports in Jan-Des 2024. In Jan-Des 2024, coal shipments from Indonesia to India increased +2.7% yoy to 103.2 mln tons, is ton. still below the record 104.0 mln T in 2022. Around 17.1% of imports, 40.5 mln T in Jan -Des 2024, sent from Australia, down -19.5% yoy from 50.2 mln T on in 2023, and far below 74.2 mln T in 2021. The reason for this is that Australian coal once again went to China. South Africa exports 30.5 mln of coal tons to India in Jan-Des 2024, up +13.2% yoy, with a share of 12.9% of Indian imports. Delivery from Russia to India was corrected a slightly -0.7% yoy in 2024 to 25.1 mln tons from 25.3 mln T in 2023, with Russia now contributed 10.6% of Indian coal imports. Imports from the United States also declined -1.9% yoy to 20.4 mln T “, the ship concluded.
Nikos Roussanoglou, Hellenic Shipping News worldwide
