Mexico Anthracite Market Outlook

mexican anthracite demand is forecasted to grow in the 2018-2032 period in both the supply and export markets. the development bank of mexico estimates that demand for anthracite in the mexican market will reach 1.7 million metric tons in 2032, up from 1.2 million metric tons in 2018. while the mexican demand is limited in comparison to other countries, supply is rising due to more investment in infrastructure and mining. the demand for mexican anthracite is driven by a number of factors. for one, its increased use as a fuel for residential stoves and boilers has created a greater need for the material. as more households move away from wood as a primary fuel source, anthracite is becoming more popular as a low-cost and reliable alternative. additionally, increased focus on environmental responsibility in emerging markets has led to increased demand for the material in place of coal which has higher emissions. the major suppliers of anthracite in mexico include state-owned and private companies, as well as international firms. currently, grupo lala s.a.b. de c.v. is the dominant supplier in the market, contributing to about 50% of anthracite supply. grupo méxico is also a major player, accounting for about a third of the domestic supply. foreign suppliers also make up a significant portion of mexico’s anthracite imports. colombia, the united states, and russia are the top three exporters to mexico, accounting for about 70% of the country’s total imports. colombian anthracite is the most common option in the country as it is made from higher-quality coal than what is available in mexico’s local market. as mexico’s economy develops, its demand for anthracite is expected to increase in the coming years. this increase in demand is likely to be driven by residential consumption, industrial processes, and exports to other countries. infrastructure development and investment in mining activities should help ensure that mexico has access to the required supply. increasing international cooperation for smooth procurement should also help facilitate the growth of the anthracite market in mexico.