Core data of this article: Competitive Echelon of Coal Industry; Market Ranking of Coal Industry; Market Share of Coal Industry; Market Concentration of Coal Industry

China Coal Industry Market Competition Echelon

Based on raw coal production, China's coal industry can be divided into 3 competitive echelons in 2023. The first echelon of enterprises with raw coal output of over 100 million tons consists of 8 enterprises, including National Energy Group, Jinneng Holding Group, Shandong Energy Group, etc.; the second echelon of enterprises with raw coal output of between 50 million tons and 100 million tons consists of 9 enterprises, including NDT Group, Huaihe Energy Group, Xinjiang Tianchi Energy Company, etc.; and the third echelon of enterprises with raw coal output of less than 50 million tons.

From January to April 2024, enterprises above the national scale produced a total of 1.48 billion tons of raw coal, of which the output of the top ten ranked enterprises together amounted to 740 million tons, accounting for nearly 50%. Specifically to the enterprises, the National Energy Group ranked first, with a total of 207.16 million tons of raw coal production; Jinneng Holding Group followed, with a total of 109.22 million tons of raw coal production; the rest of the enterprises are below 10,000 million tons of production.

Based on the raw coal production of each enterprise and the whole country, from January to April 2024, the only enterprise in the coal industry with a market share of more than 10% is National Energy Group, amounting to 14.00%; Jinneng Holding Group, Shandong Energy Group, China Coal Group, and Shaan Coal Group's market share is 7.38%, 5.91%, 5.85%, and 5.58% in turn; and the rest of the enterprises have a market share of less than 5%.

Calculated based on the raw coal production of each province and the whole country, in 2023, the three provinces with the largest market share in the coal industry are Shanxi, Inner Mongolia, and Shaanxi, with market shares of 29.12%, 26.00%, and 16.34% in turn; the market shares of the rest of the provinces are all below 10%.

Calculated based on the market share of each enterprise, from January to April 2024, the market concentration of enterprises in China's coal industry was 14.00% for CR1, 27.29% for CR3, 38.72% for CR5, and 49.95% for CR10, and in general, the competition among enterprises was relatively fierce and the market concentration level was average.

Calculated based on the market share of each province, in 2023, the regional market concentration of the coal industry is 29.12% for CR1, 71.46% for CR3, 84.08% for CR5, and 93.53% for CR10, which shows that the regional competition in the industry is highly concentrated.

Analysis from the perspective of the five forces competition model, the coal industry senior integration ability is strong, the degree of standardization of the upstream products is high, resulting in the bargaining power of the upstream suppliers is weak; although coal is a non-clean energy, but in the short term on the downstream demand for electric power, iron and steel, chemical industry and other downstream demand areas still have an irreplaceable role, and the richness of the product type, resulting in the bargaining power of downstream is strong, the long term there is the threat of being replaced by a clean energy source. Threats; Although the overall gross profit level of the industry is high, given that the mining of coal resources is a national planning project, the threat of potential entrants is general; In recent years, the number of participants in the industry has been on a downward trend, and the competition among existing enterprises is relatively fierce.

For more research and analysis of this industry, please refer to 《China Coal Industry Development Prospects and Investment Strategy Planning Analysis Report》 by Prospect Industry Research Institute.