The Indonesian Coal Index (ICI) is a benchmark price for Indonesian coal produced and delivered to export markets. It is calculated based on coal specifications and market conditions. The ICI is used as a reference in contract negotiations, price index monitoring, and investment analysis in the Indonesian coal industry. It provides an indication of the overall price trend and competitiveness of Indonesian coal in the global market.

As of August 2024, the Indonesian Energy and Mineral Resources Ministry has set the country's coal reference price (HBA) at 115.29 U.S. dollars per metric ton, showing a decrease of over 64 U.S. dollars from the same month in 2023. Indonesia is one of the largest producers and exporters of coal worldwide.

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The Indonesian Coal Price Index is a measure of the average price of Indonesian coal that is exported. It is widely used by coal producers, traders, and investors as a benchmark to assess the pricing of Indonesian coal. This article discusses the calculation of the index, its importance in providing transparency and stability in the market, and its role as a reference for coal-related contracts and agreements. Overall, the Indonesian Coal Price Index plays a crucial role in promoting transparency, stability

The global coal price index reached 154 index points in February 2025. This was a decrease compared to the previous month, which also reflected a fall in the overall fuel energy price index. The global coal index expresses trading of Australian and South African coal, as both countries are among the largest exporters of coal worldwide. How coal profited from the 2022 gas crunch Throughout 2022, coal prices saw a significant net increase. This was largely due to greater fuel and electricity demand as countries slowly exited more stringent coronavirus restrictions, as well as fallout from the Russia-Ukraine war. As many European countries moved to curtailing gas imports from Russia, coal became the alternative to fill the power supply gap, more than doubling the annual average price index between 2021 and 2022. Main coal traders and receivers Although China makes up by far the largest share of worldwide coal production, it is among those countries consuming the majority of its extracted raw materials domestically. In terms of exports, Indonesia, the world's third-largest coal producer, trades more coal than any other country, followed by Australia and Russia. Meanwhile, Japan, South Korea, and Germany are among the leading coal importers, as these countries rely heavily on coal for electricity and heat generation.

Indonesia Wholesale Price Index: Domestic: Mining and Quarrying: Coal Mining data was reported at 107.000 2010=100 in May 2019. This records a decrease from the previous number of 108.000 2010=100 for Apr 2019. Indonesia Wholesale Price Index: Domestic: Mining and Quarrying: Coal Mining data is updated monthly, averaging 97.130 2010=100 from Jan 2013 (Median) to May 2019, with 77 observations. The data reached an all-time high of 108.000 2010=100 in Apr 2019 and a record low of 87.700 2010=100 in Jun 2016. Indonesia Wholesale Price Index: Domestic: Mining and Quarrying: Coal Mining data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB003: Wholesale Price Index: by Sector: Mining and Quarrying.

The Indonesian coal market soared to $43.4B in 2024, increasing by 51% against the previous year. Over the period under review, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Key information about Indonesia Coal Production

• Indonesia Coal Production was reported at 775.182 Tonne mn in Dec 2023
• This records an increase from the previous number of 687.432 Tonne mn for Dec 2022
• Indonesia Coal Production data is updated yearly, averaging 103.329 Tonne mn from Dec 1981 to 2023, with 43 observations
• The data reached an all-time high of 775.182 Tonne mn in 2023 and a record low of 0.400 Tonne mn in 1981
• Indonesia Coal Production data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.BP.PROD: Coal Production

In 2020, the average coal reference price (HBA) in Indonesia was at 58.17 U.S. dollars per metric ton, reaching its lowest point since the past decade as the coal industry in Indonesia has also been affected by the COVID-19 pandemic. The HBA is set by the Indonesian Energy and Mineral Resources Ministry.

Learn about the factors influencing the price of Indonesian steam coal, including market demand, supply, production costs, and global coal markets. Understand how factors such as demand from major consumers, overall coal demand, production and supply disruptions, and production costs impact the price of Indonesian steam coal. Explore the role of the Indonesian Coal Index (ICI) as a benchmark for pricing, and discover how recent fluctuations and the COVID-19 pandemic have affected the price. Gain insights in

Indonesia SNA: 2008: Implicit Price Index: GDP: Mining & Quarrying: Coal & Lignite data was reported at 170.350 2010=100 in 2018. This records an increase from the previous number of 142.780 2010=100 for 2017. Indonesia SNA: 2008: Implicit Price Index: GDP: Mining & Quarrying: Coal & Lignite data is updated yearly, averaging 113.970 2010=100 from Dec 2010 (Median) to 2018, with 9 observations. The data reached an all-time high of 170.350 2010=100 in 2018 and a record low of 98.820 2010=100 in 2015. Indonesia SNA: 2008: Implicit Price Index: GDP: Mining & Quarrying: Coal & Lignite data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s National Accounts – Table ID.AD001: Implicit Price Index.

Coal decreased 28.50 USD/MT or 22.75% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on March of 2025.

The HBA Coal Price Index is a benchmark price for coal transactions in Indonesia. It provides transparency and stability in coal pricing, reducing volatility and ensuring fair pricing for all stakeholders. The index is updated monthly and used by coal producers, traders, end-users, and the Indonesian government to negotiate prices, determine royalty rates, and calculate revenue from coal exports.

Indonesia Wholesale Price Index: Mining and Quarrying: Mining: Coal data was reported at 177.460 2000=100 in Dec 2008. This stayed constant from the previous number of 177.460 2000=100 for Nov 2008. Indonesia Wholesale Price Index: Mining and Quarrying: Mining: Coal data is updated monthly, averaging 105.600 2000=100 from Jan 2000 (Median) to Dec 2008, with 108 observations. The data reached an all-time high of 177.460 2000=100 in Dec 2008 and a record low of 81.060 2000=100 in Dec 2003. Indonesia Wholesale Price Index: Mining and Quarrying: Mining: Coal data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB003: Wholesale Price Index: by Sector: Mining and Quarrying.

2204 Global import shipment records of Indonesia Coal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Indonesia SNA: 2008: Implicit Price Index: GDP: Manufacturing: Coal; Oil & Gas Refinery data was reported at 151.160 2010=100 in 2018. This records an increase from the previous number of 140.720 2010=100 for 2017. Indonesia SNA: 2008: Implicit Price Index: GDP: Manufacturing: Coal; Oil & Gas Refinery data is updated yearly, averaging 140.720 2010=100 from Dec 2010 (Median) to 2018, with 9 observations. The data reached an all-time high of 155.570 2010=100 in 2014 and a record low of 100.000 2010=100 in 2010. Indonesia SNA: 2008: Implicit Price Index: GDP: Manufacturing: Coal; Oil & Gas Refinery data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s National Accounts – Table ID.AD001: Implicit Price Index.

The HBA (Harga Batubara Acuan) is the Indonesian Coal Price Index, which is a benchmark price used for determining the royalty amount that coal producers need to pay to the government. It is also used as a reference for coal contracts and pricing formulas in Indonesia. Learn about its calculation, role in royalty determination, contract negotiations, and importance in promoting fair and transparent pricing in the Indonesian coal industry.

Key information about Indonesia Coal Consumption

• Indonesia Coal Consumption was reported at 61.558 TOE mn in Dec 2018
• This records an increase from the previous number of 57.176 TOE mn for Dec 2017
• Indonesia Coal Consumption data is updated yearly, averaging 3.891 TOE mn from Dec 1965 to Dec 2018, with 54 observations
• The data reached an all-time high of 61.558 TOE mn in 2018 and a record low of 0.067 TOE mn in 1973
• Indonesia Coal Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.BP.CONS: Coal Consumption (Discontinued)

The Indonesian Steam Coal Price Index is a measure of the price of thermal coal, used in power generation and industrial applications. It reflects the supply and demand dynamics of the coal market and is widely used as a reference for pricing and contract negotiations.

Konsumsi Batubara Indonesia dilaporkan sebesar 61.558 TOE mn pada 2018. Rekor ini naik dibanding sebelumnya yaitu 57.176 TOE mn untuk 2017. Data Konsumsi Batubara Indonesia diperbarui tahunan, dengan rata-rata 3.891 TOE mn dari 1965 sampai 2018, dengan 54 observasi. Data ini mencapai angka tertinggi sebesar 61.558 TOE mn pada 2018 dan rekor terendah sebesar 0.067 TOE mn pada 1973. Data Konsumsi Batubara Indonesia tetap berstatus aktif di CEIC dan dilaporkan oleh BP PLC. Data dikategorikan dalam Association: Metal and Mining Sector World Trend Plus – Table WB.BP.CONS: Coal Consumption (Discontinued).