| Product Code: ETC412700 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
In 2024, India`s hard coal import shipments continued to be dominated by countries like Indonesia, Australia, USA, South Africa, and Russia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. Despite a strong compound annual growth rate (CAGR) of 20.11% from 2020 to 2024, there was a slight decline in growth rate (-13.67%) from 2023 to 2024. This suggests a potential slowdown in the demand for hard coal imports in India, reflecting evolving market dynamics and economic factors impacting the coal industry.

India Hard Coal Market is driven by the demand for metallurgical coal in the steel industry. Additionally, the expanding cement manufacturing and rising power generation from thermal power plants will fuel the market to a great extent. Further, the government initiatives to boost infrastructure development and diminish the dependency on imported coal is also propelling the market development. However, environmental regulations, inadequate transportation infrastructure for transporting coal from mines to ports as well as high port charges which limit India's ability to export.In addition, the country faces competition from other major producers such as China and Indonesia who have lower production costs than India and declining reserves of high-quality coal are the major constraints of the market. Despite these challenges, the initiatives introduced by the government of India such as Make in India and Digital India are creating a favourable growth opportunity for foreign compa