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Indonesian coal: profits soar but analysis reveals strength and exposure across top miners

Chart showing Indonesian coal production, exports, and domestic demand from 2013 to 2025, highlighting strong export growth and supply dominance.

Indonesian coal exports remain a cornerstone of the global thermal market. After a record 836 Mt of output in 2024 (≈18% above target), exports are expected to supply 30–35% of global coal consumption in 2025, underlining Indonesia’s outsized role. The sector contributes ~3.6% of GDP and has delivered strong corporate profits (USD 31 bn cumulative FY2019–2023 across 28 coal and […]

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