As global import demand falls and supply remains stable, thermal coal prices are forecast to decline from around US$136 a tonne to about US$114 a tonne by 2026.

Australia’s thermal coal export earnings are expected to ease from $37 billion in 2023–24 to $29 billion by 2025–26, as prices decline.

Australian export volumes are expected to be stable at around 205 Mt per year over the outlook period.

(source: https://www.industry.gov.au/publications/resources-and-energy-quarterly-december-2024)