In both European and global terms the United Kingdom is a minor producer of coal. Production has fallen sharply since the early 1970s, plunging as mines were closed in the mid-1980s. This trend has continued in the past decade, although it reversed slightly between 2009 and 2011. Industry revenue is estimated to decrease at a compound annual rate of 17.3% over the five years through 2015-16, reaching £392.5 million. During the current year, revenue is anticipated to drop by 33.2%. The fall over the past five years largely reflects the impact plummeting global coal prices have had on industry operators since 2011.
Firms in this industry mine black coal from underground or opencast mines. Mining includes the extraction of the coal and the associated activities, such as washing, grading, pulverising and compressing, which are necessary to prepare the coal for sale. The industry does not include support activities, test drilling or the manufacture of hard coal briquettes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.