India’s imports of coking coal from Australia fell by 3% y-o-y in FY’24 to 34.5 mnt, although shipments have decreased nearly 16% since FY’22. Data reveal that Australia’s share in India’s coking coal import basket has declined to around 60% in FY’24 compared with 78% in FY’22. Imports of PCI coals from Australia, too, have fallen by sharply by 40%. The void left by shrinking imports from Australia has been filled by higher shipments from Russia, the US and Canada, particularly Russia. Russian coking coal imports have spiked phenomenally by nearly 220% in FY’24 compared with FY’22. Imports from the US and Canada, too, have risen by around 130% and 74%, respectively, during the period under introspection.
