Price for Lignite; Agglomerated, Excluding Jet in Turkey - 2023
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Turkey (FOB) - 2022
- Exports of Lignite; Agglomerated, Excluding Jet in Turkey
Price for Lignite; Agglomerated, Excluding Jet in Turkey (FOB) - 2022
The average lignite; agglomerated, excluding jet export price stood at $2,065 per ton in 2022, picking up by 800% against the previous year. Over the period under review, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Poland.
From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to -8.5% per year.
Exports of Lignite; Agglomerated, Excluding Jet in Turkey
For the third consecutive year, Turkey recorded decline in overseas shipments of lignite; agglomerated, excluding jets, which decreased by -50.8% to 5.9 tons in 2022. In general, exports recorded a sharp reduction.
In value terms, lignite; agglomerated, excluding jet exports surged to $12K in 2022. Over the period under review, exports faced a sharp decrease.
| Export of Lignite; Agglomerated, Excluding Jet in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.8 | 1.2 | 0.2 | 12.1 | 88.7% |
| Bulgaria | 7.3 | 3.5 | 0.5 | N/A | -73.8% |
| Iraq | 1.4 | N/A | N/A | N/A | 0% |
| Syrian Arab Republic | 12.1 | 2.0 | 0.4 | N/A | -81.8% |
| Others | 1.0 | 0.5 | 1.6 | N/A | 26.5% |
| Total | 23.7 | 7.1 | 2.7 | 12.1 | -20.1% |
Top Export Markets for Lignite; Agglomerated, Excluding Jet from Turkey in 2022:
- Poland (5.9 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.
