Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in South Korea - 2022
Contents:
- Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in South Korea (CIF) - 2022
- Imports of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in South Korea
Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in South Korea (CIF) - 2022
In 2022, the average import price for lignite; whether or not pulverised, but not agglomerated, excluding jets amounted to $7,737 per ton, growing by 1,097% against the previous year. In general, the import price recorded significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($7,886 per ton), while the price for Indonesia ($1,211 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in South Korea
In 2022, imports of lignite; whether or not pulverised, but not agglomerated, excluding jets into South Korea soared to 7.7 tons, growing by 1,018% on 2021. In general, imports, however, recorded a precipitous curtailment.
In value terms, imports of lignite; whether or not pulverised, but not agglomerated, excluding jets skyrocketed to $59K in 2022. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 45.1 | 0% |
| United States | N/A | N/A | N/A | 14.1 | 0% |
| Russia | 33.3 | N/A | 0.4 | N/A | -89.0% |
| Indonesia | 2.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 36.2 | N/A | 0.4 | 59.2 | 17.8% |
Top Suppliers of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet to South Korea in 2022:
- Canada (5.7 tons)
- United States (1.9 tons)
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Lignite, also known as brown coal, is a low-grade coal that is predominantly used as a source of energy. With its high moisture content and low energy density, lignite is primarily utilized in power generation and industrial processes. In recent years, the global demand for lignite has been on the rise due to its cost-effectiveness and widespread availability. As a result, several countries have emerged as key import markets for lignite. China holds the top spot as the world's largest importer of lignite, followed by Serbia, Slovenia, Uzbekistan, and Slovakia. These countries heavily rely on lignite for various purposes such as power generation and industrial processes. The growing demand for lignite in these markets reinforces its position as an important source of energy and strengthens their energy security.
