£65.8m
£X.Xm
298
9
£XX.Xm
Over the five years through 2023-24, hard coal mining revenue is forecast to fall at a compound annual rate of 20%. The drop in sales and weak profitability – the industry operated at a loss until 2022-23, when energy market disruption drove up coal prices – have pushed down the number of UK coal mines in the UK, going from 12 mines in 2019-20 to nine in 2023-24. The COVID-19 outbreak accelerated the closure of coal mines in the UK as lockdowns brought activity in key markets (especially steel and cement production) to a halt and construction activity was put on hold. However, as the pandemic started to wind down and construction picked back up, supply chain disruptions brought about by the lockdowns resulted in surging coal prices, supporting revenue to a degree.
Industry revenue has declined at a CAGR of 20.0 % over the past five years, to reach an estimated £65.8m in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Merthyr (South Wales) Ltd | 50.0 | |
Energybuild Ltd | 12.1 | |
Celtic Energy Ltd | N/A |
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Industry revenue is measured across several distinct product and services lines, including Steaming coal, Coking coal and Anthracite. Steaming coal is the largest segment of the Hard Coal Mining in the UK.
Steaming coal won’t be used in the UK energy mix after 2024
Companies in this industry mine hard coal from underground and opencast mines. Mining includes the extraction of coal and the associated activities, such as washing, grading, pulverising and compressing, which are necessary to prepare the coal for sale.
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SIC 05.10 - Hard Coal Mining in the UK
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Including values and annual change:
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Key data sources in the UK include:
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The market size of the Hard Coal Mining in the UK industry in United Kingdom is £65.8m in 2024.
There are 9 businesses in the Hard Coal Mining in the UK industry in United Kingdom, which has declined at a CAGR of 8.5 % between 2019 and 2024.
The market size of the Hard Coal Mining in the UK industry in United Kingdom has been declining at a CAGR of 20.0 % between 2019 and 2024.
Over the next five years, the Hard Coal Mining in the UK industry in United Kingdom is expected to decline.
The biggest companies operating in the Hard Coal Mining market in United Kingdom are Merthyr (South Wales) Ltd, Energybuild Ltd and Celtic Energy Ltd
Steaming coal and Coking coal are part of the Hard Coal Mining in the UK industry.
The company holding the most market share in United Kingdom is Merthyr (South Wales) Ltd.
The level of competition is high and steady in the Hard Coal Mining in the UK industry in United Kingdom.