Australia thermal and metallurgical coal outlooks

Australia’s thermal coal export earnings are expected to ease from $36 billion in 2023–24 to around $21 billion by 2028–29 (in real terms) as prices continue to fall. Australia’s metallurgical coal export earnings are expected to decline to $56 billion in 2023–24, easing further and then stabilising between $35 and $40 billion (in real terms) over the second half of the outlook period.