Coal Mining in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS 21211CARevenue
$19.0bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
15,429
Businesses
53
Wages
$X.Xbn
Coal Mining in Canada industry analysis
Operators in the Coal Mining industry in Canada have experienced considerable fluctuations in prices of industry goods. Canadian coal mining revenue has been increasing at an annualized 11.3% over the past five years, including an estimated 32.3% decrease in 2023, and is expected to total $19.0 billion. In 2023, profit is set to increase to 32.1%. The industry has two primary products, metallurgical coal used for steel production and thermal coal used in energy generation. At the start of the current period, global oversupply and falling demand resulted in low prices and revenue. Subsequent price growth between 2016 and 2018 fuelled revenue growth. Rebounding demand at the close of the period alongside rising coal prices has improved industry performance despite these countervailing trends. Notably, Canada is in the process of phasing out coal-fired electricity generators, cutting into demand for one of the industry's two products.The energy crisis caused by the war in Ukraine and supply issues from the pandemic has increased the price of coal and sustained demand. Despite many businesses and governments pledging a switch to greener energy, the demands of the present are pushing institutions to the arms of coal. This has helped revenue skyrocket in the current period.Coal price growth is expected to be constrained by divestment from coal-powered energy sources. Although emerging economies will still demand metallurgical coal at high rates, rising global coal production will put pressure on industry exports. Furthermore, Canada is in the process of phasing out most of its coal-fired power plants by 2030, which will cut into domestic demand for thermal coal. But, despite all this, coal will be in demand as lingering uncertainty puts doubt on green energy in the short term. Canadian coal mining revenue is expected to decrease at an annualized 9.8% over the next five years, reaching an estimated $11.4 billion in 2028, when profit is projected to increase to 6.8%.
Trends and Insights
- Profit expanded alongside higher coal prices. Over the past five years, record-high coal prices led to a massive inflation of miners' profit.
- Bituminous coal enjoys heightened demand as other energy prices spike. As natural gas prices surged, downstream power producers have increasingly sought to purchase bituminous coal.
- The majority of the coal produced in British Columbia is used for making steel and is exported to Asian markets. The vast amount of coal deposits located in the western provinces and British Columbia's proximity to ports encourage companies to set up establishments in the region.
- Most coal miners employ less than fifty workers at their mines and mine deposits that are smaller and deemed uneconomical by larger companies.These smaller coal miners don't have the economies of scale to generate a high market share.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 11.3 % over the past five years, to reach an estimated $19.0bn in 2023.
Trends and Insights
Profit expanded alongside higher coal prices
- Over the past five years, record-high coal prices led to a massive inflation of miners' profit.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Emerging economies will continue needing energy to fuel growth
- As emerging economies expand, growth in those energy and infrastructure sectors will rise as well.
Biggest companies in the Coal Mining in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Teck | 8,535.0 | 4,232.0 | 49.6 | |
Conuma Resources | 1,575.6 | 439.8 | 27.9 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Bituminous and subbituminous thermal coal, Metallurgical coal and Lignite thermal coal. Bituminous and subbituminous thermal coal is the largest segment of the Coal Mining in Canada.
Trends and Insights
Bituminous coal enjoys heightened demand as other energy prices spike
- Metallurgical coal is used to produce coke, which is then used to manufacture iron and steel. To a lesser extent, coke is also used in smelting and casting base metals.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Oil Drilling & Gas Extraction in Canada
Complementors
- Copper, Nickel, Lead & Zinc Mining in Canada
- Lubricant Oil Manufacturing in Canada
- Iron & Steel Manufacturing in Canada
- Uranium & Metal Ore Mining
International industries
- Global Coal Mining
- Coal Mining in New Zealand
- Hard Coal Mining in the UK
- Coal Mining in China
Table of Contents
About this industry
Industry definition
The Coal Mining industry in Canada mines bituminous, anthracite and lignite varieties of coal. Mining occurs underground and in surface pits. Industry operators may also develop coal mine sites and prepare the coal for sale by washing, screening and sizing it.
What's included in this industry?
Bituminous coal and lignite surface miningBituminous coal and lignite underground miningAnthracite miningCompanies
TeckConuma ResourcesPurchase this report to view all 2 major companies in this industry.
Related Terms
THERMAL COALLONGWALL MININGOPEN CUT MININGCOKEMETALLURGICAL COALIndustry Code
NAICS 21211 - Coal Mining in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Profit expanded alongside higher coal prices. Over the past five years, record-high coal prices led to a massive inflation of miners' profit.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Bituminous coal enjoys heightened demand as other energy prices spike. As natural gas prices surged, downstream power producers have increasingly sought to purchase bituminou...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The majority of the coal produced in British Columbia is used for making steel and is exported to Asian markets. The vast amount of coal deposits located in the western provi...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Most coal miners employ less than fifty workers at their mines and mine deposits that are smaller and deemed uneconomical by larger companies.These smaller coal miners don't h...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
After previously making an effort to buy Teck Resources entirely, Glencore revealed in June of 2023 that it is currently making an effort to acquire Teck Resource's steelmakin...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Teck's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Conuma Resources's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Teck, and factors influencing its performance in the industry
- Description and key data for Conuma Resources, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Mine operators receive a moderate level of assistance. Most assistance has come in the form of favourable tax regimes, which typically enable mining companies to recover inve...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Price fluctuations induce profit volatility. Increased profits in the recent years are due the energy crisis caused by the war in Ukraine and supply issues caused by the pand...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Coal Mining industry in Canada in 2024?
The market size of the Coal Mining industry in Canada is $19.0bn in 2024.
How many businesses are there in the Coal Mining in Canada industry in 2023?
There are 53 businesses in the Coal Mining industry in Canada, which has grown at a CAGR of 3.3 % between 2018 and 2023.
Has the Coal Mining industry in Canada grown or declined over the past 5 years?
The market size of the Coal Mining industry in Canada has been growing at a CAGR of 11.3 % between 2018 and 2023.
What is the forecast growth of the Coal Mining industry in Canada over the next 5 years?
Over the next five years, the Coal Mining industry in Canada is expected to decline.
What are the biggest companies in the Coal Mining market in Canada?
The biggest companies operating in the Coal Mining market in Canada are Teck and Conuma Resources
What does the Coal Mining in Canada include?
Bituminous coal and lignite surface mining and Bituminous coal and lignite underground mining are part of the Coal Mining industry.
Which companies have the highest market share in the Coal Mining in Canada?
The company holding the most market share in Canada is Teck.
How competitive is the Coal Mining industry in Canada?
The level of competition is high and steady in the Coal Mining industry in Canada.
