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German coal importers organization VDKi predicted on Thursday that German imports of hard coal from the world market could fall by 16 to 30 percent in 2020, due to falling industrial and energy demand due to the coronavirus crisis and competition from renewable energy
.
VDKi said at a press conference that the decline would mark the fifth consecutive year of declines in imports and would be larger
than the 10.
2 percent decline in 2019.
VDKi expects total imports in 2020 to be between 29.
6 million mt and 35.
4 million mt, compared to 42.
2 million mt last year.
Germany is Europe's largest economy and coal importer, which means Germany plays an important role
in global trade flows and market pricing at landing ports.
German coal importers organization VDKi predicted on Thursday that German imports of hard coal from the world market could fall by 16 to 30 percent in 2020, due to falling industrial and energy demand due to the coronavirus crisis and competition from renewable energy
.
VDKi said at a press conference that the decline would mark the fifth consecutive year of declines in imports and would be larger
than the 10.
2 percent decline in 2019.
VDKi expects total imports in 2020 to be between 29.
6 million mt and 35.
4 million mt, compared to 42.
2 million mt last year.
Germany is Europe's largest economy and coal importer, which means Germany plays an important role
in global trade flows and market pricing at landing ports.
