U.K. Anthracite Market Outlook

the uk anthracite market is expected to remain steady over the next few years with price fluctuations impacting the overall outlook for the market.demand has remained fairly stagnant since 2012, with no dramatic spikes or falls. this has been due to the fact that there have been no new breakthroughs in the industry or large-scale changes in the production and consumption of the fuel. in the uk, anthracite is still largely used for residential heating, as well as in some industrial applications. one of the drivers of the current market outlook is the brexit decision, as it could have an effect on the cost of coal in the uk. in the short term, anthracite's market outlook could take a hit due to the buy-in of cheaper coal from abroad. the cost of producing anthracite is expensive and the uk will be competing with larger nations like russia, which currently holds the biggest supply of anthracite. in the medium to long term, the impact of brexit could be more positive, however, as it will open up new trading opportunities for the uk coal industry, including possible lower cost sources of anthracite. the uk government has also put in place policies to encourage the use of anthracite. in 2016, the government approved a tax break for businesses that use anthracite for their industrial needs. this has helped to encourage more companies to switch to anthracite from other more expensive fuels. the global anthracite market also looks set for steady growth in the coming years. the demand for anthracite across the globe is currently on the rise and this is likely to continue in the medium to long term. the global market growth is tied to the increasing demand for energy from developing countries and the potential to explore new sources of coal. in conclusion, the uk anthracite market outlook is positive in the short to medium term. with brexit potentially opening up new trading opportunities, the cost of producing anthracite may become more competitive in the long term. similarly, government policies encouraging users to switch to anthracite should also help to encourage more businesses and households to convert to the fuel. over the next few years, the global anthracite market is expected to grow due to increased demand for energy from developing countries.