Industry Statistics and Trends
Hard Coal Mining in Europe key trends
Falling coal prices dampen revenue.
The Russia-Ukraine conflict caused uncertainties surrounding the supply of natural gas, leading to soaring coal prices. However, with supplies normalising, coal prices are falling, sinking industry revenue.
Environmental pushes weaken future revenue prospects for coal miners.
Coal is continually being phased out for more sustainable fuels in power generation markets, weakening demand and therefore, revenue.
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Hard Coal Mining in Europe
Industry Revenue
Total value and annual change from 2012-2030. Includes 5-year outlook.
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Hard Coal Mining in Europe market size (2020-2025)
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated €23.4bn in 2025.
Trends and Insights
Falling hard coal prices cause revenue to slump
- The Russia-Ukraine conflict resulted in soaring coal prices in 2022 and 2023, as many countries turned to coal-powered plants to produce electricity amid disruptions to Russian gas supplies. According to the International Energy Agency (IEA), coal prices more than doubled in 2022, peaking at around $430 US (€430) per tonne in August 2022, inflating coal mining companies’ revenue.
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Hard Coal Mining in Europe outlook (2025-2030)
Market size is projected to grow over the next five years.
Alternative fuel sources will continue to be utilised by utilities providers
- In line with environmental targets, coal will continue to be phased out by utilities providers in favour of greener and more sustainable energy sources, like renewables and nuclear power. For example, the UK has almost completely phased out coal from its energy mix and is heavily investing in Wind and Nuclear power to reduce its emissions by 68% by 2030 and reach NET ZERO BY 2045. While countries still reliant on it, like France, currently have plans to construct six new nuclear power plants to increase the renewable contribution to the country's energy mix and reduce the dependence on fossil fuels from 60% to 40% by 2035.
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Revenue
€23.4bn
Employees
388k
Wages
€X.Xbn
European Leaders & Laggards
Top 5 Countries
- Latvia +18.5%
- United Kingdom +2.7%
- Bosnia & Herzegovina +2.7%
- Norway +2.7%
- Germany +2.7%
* CAGR values are for the years 2020-2025.
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Biggest companies in the Hard Coal Mining in Europe
| Company | Market Share (%)
2025 | Revenue (€m)
2025 | Profit (€m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Siberian Coal Energy Company | 9,245.8 | 3,124.0 | 33.8 | |
Polska Grupa Gornicza SA | 2,564.6 | 507.5 | 19.8 | |
Mechel PAO | 3,334.0 | 658.7 | 19.8 |
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Hard Coal Mining in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Hard Coal Mining industry in Europe in 2025?
The market size of the Hard Coal Mining industry in Europe is €23.4bn in 2025.
How many businesses are there in the Hard Coal Mining industry in Europe in 2025?
There are 828 businesses in the Hard Coal Mining industry in Europe, which has declined at a CAGR of 1.1 % between 2020 and 2025.
Has the Hard Coal Mining industry in Europe grown or declined over the past 5 years?
The market size of the Hard Coal Mining industry in Europe has been declining at a CAGR of 0.1 % between 2020 and 2025.
What is the forecast growth of the Hard Coal Mining industry in Europe over the next 5 years?
Over the next five years, the Hard Coal Mining industry in Europe is expected to grow.
What does the Hard Coal Mining industry in Europe include?
Underground coal mining and Opencast coal mining are part of the Hard Coal Mining industry in Europe.
Which countries have the most businesses in the Hard Coal Mining industry in Europe?
The European country with the most businesses in the Hard Coal Mining industry is Russia.
How competitive is the Hard Coal Mining industry in Europe?
The level of competition is high and steady in the Hard Coal Mining industry in Europe.
Related Industries
This industry is covered in 37 countries
Table of Contents
About this industry
Industry definition
Companies in this industry mine black coal from underground or 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.
Related Terms
Hard CoalOpencast MiningSteaming CoalWhat's included in this industry?
Underground coal miningOpencast coal miningCompanies
Siberian Coal Energy CompanyPolska Grupa Gornicza SAMechel PAOIndustry Code
051 - Mining of hard coal in Europe
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Performance
Key Takeaways
Falling hard coal prices cause revenue to slump
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Revenue Highlights
Trends
- Revenue
- 2025 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Hard Coal Mining in Europe industry (2012 -2030)
- Employees in the Hard Coal Mining in Europe industry (2012 -2030)
- Business in the Hard Coal Mining in Europe industry (2012 -2030)
- Profit in the Hard Coal Mining in Europe industry (2012 -2030)
Analysis
What's driving current industry performance in the Hard Coal Mining in Europe industry?
Outlook
Analysis
What's driving the Hard Coal Mining in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Hard Coal Mining in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Hard Coal Mining in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Opencast mines tend to be more efficient to run. Coal miners operating opencast mines incur fewer capital costs than those operating underground coal mining operations, making them more popular where possible.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Hard Coal Mining in Europe industry's products and services performing?
Analysis
What are innovations in the Hard Coal Mining in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Hard Coal Mining in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2025)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2025)
- Share of Total Industry Enterprises by Region (2025)
- Share of Total Industry Employment by Region (2025)
- Share of Total Industry Wages by Region (2025)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2025)
- IVA (2025)
- Enterprises (2025)
- Employment (2025)
- Exports (2025)
- Imports (2025)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Large companies dominate the industry. Many coal mining companies have operated in the industry for a long time, so they have established and well-known operations.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2020-2025)
Companies
Data Tables
Top 8 companies by market share:
- Market share (2025)
- Revenue (2025)
- Profit (2025)
- Profit Margin (2025)
Data Tables
- Countries of operation for Siberian Coal Energy Company
- Countries of operation for Polska Grupa Gornicza SA
- Countries of operation for Mechel PAO
- Countries of operation for Jastrzebska Spolka Weglowa SA
- Countries of operation for Enea SA
- Countries of operation for Poludniowy Koncern Weglowy SA
- Countries of operation for CEZ Group
- Countries of operation for Polska Grupa Energetyczna SA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Hard coal miners must follow strict regulations. Miners must follow a range of regulations relating to safety and environmental standards, which are enforced by the government and regulatory bodies.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Hard Coal Mining in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Commodity prices are a key driver of profitability. Once a mine is operating at full capacity, mining companies have limited scope to cut operating costs, so profitability is heavily dependent on the price of coal in the global market.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Hard Coal Mining in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
- Revenue per Employee (2015-2030)
- Wages/Revenue (2015-2030)
- Employees per Establishment (2015-2030)
- Average Wage (2015-2030)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and bottom five countries listed for each:
- Revenue Growth (2025)
- Business Growth (2025)
- Job Growth (2025)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2025)
- Imports/Demand (2025)
- Exports/Revenue (2025)
- Revenue per Employee (2025)
- Wages/Revenue (2025)
- Employees per Establishment (2025)
- Average Wage (2025)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Methodology
Where does IBISWorld source its data?
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