Republic of Korea - Coal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoal Price in South Korea - 2022
Contents:
- Coal Price in South Korea (CIF) - 2022
- Coal Price in South Korea (FOB) - 2022
- Coal Imports in South Korea
- Coal Exports in South Korea
Coal Price in South Korea (CIF) - 2022
The average coal import price stood at $148 per ton in 2022, increasing by 28% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal import price increased by +92.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 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 China ($326 per ton), while the price for Colombia ($103 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Coal Price in South Korea (FOB) - 2022
In 2022, the average coal export price amounted to $675 per ton, surging by 45% against the previous year. In general, the export price saw strong growth. The growth pace was the most rapid in 2019 an increase of 151%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1,299 per ton), while the average price for exports to Myanmar ($400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Coal Imports in South Korea
In 2022, approx. 190M tons of coal were imported into South Korea; picking up by 52% on the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, coal imports surged to $28.2B in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Coal in South Korea (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 5.7 | 3.9 | 7.8 | 12.4 | 29.6% |
Russia | 2.8 | 2.0 | 2.6 | 5.7 | 26.7% |
Indonesia | 1.8 | 1.3 | 1.7 | 3.5 | 24.8% |
Canada | 1.7 | 1.2 | 1.2 | 2.6 | 15.2% |
South Africa | 0.3 | 0.1 | 0.4 | 1.3 | 63.0% |
United States | 0.6 | 0.4 | 0.3 | 0.9 | 14.5% |
Colombia | 0.5 | 0.4 | 0.3 | 0.4 | -7.2% |
Others | 0.6 | 0.3 | 0.4 | 1.3 | 29.4% |
Total | 14.1 | 9.5 | 14.5 | 28.2 | 26.0% |
Top Suppliers of Coal to South Korea in 2022:
- Australia (94.8M tons)
- Indonesia (26.6M tons)
- Russia (26.5M tons)
- Canada (22.1M tons)
- South Africa (6.1M tons)
- United States (4.6M tons)
- Colombia (3.9M tons)
Coal Exports in South Korea
In 2022, the amount of coal exported from South Korea plummeted to 383 tons, waning by -17.9% compared with the previous year. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 127% against the previous year. As a result, the exports attained the peak of 466 tons, and then reduced markedly in the following year.
In value terms, coal exports skyrocketed to $258K in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 99% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Coal in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 17.2 | 4.7 | 44.5 | 73.6 | 62.3% |
Indonesia | N/A | N/A | 34.8 | 65.3 | 87.6% |
Malaysia | 89.0 | 44.7 | 33.4 | 39.9 | -23.5% |
Myanmar | 3.8 | N/A | 29.7 | 37.0 | 113.5% |
Czech Republic | N/A | N/A | N/A | 27.5 | 0% |
Vietnam | 0.1 | N/A | 15.7 | 8.8 | 344.8% |
China | 5.3 | 26.1 | N/A | N/A | 392.5% |
Kuwait | 64.9 | N/A | N/A | N/A | 0% |
Taiwan (Chinese) | N/A | N/A | 51.3 | N/A | 0% |
Others | 35.1 | 33.3 | 7.4 | 6.2 | -43.9% |
Total | 215 | 109 | 217 | 258 | 6.3% |
Top Export Markets for Coal from South Korea in 2022:
- Philippines (139.7 tons)
- Myanmar (92.4 tons)
- Malaysia (50.9 tons)
- Indonesia (50.3 tons)
- Czech Republic (34.0 tons)
- Vietnam (11.5 tons)
This report provides an in-depth analysis of the coal market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the coal market in Republic of Korea.
This report provides an in-depth analysis of the market for coal other than lignite in Republic of Korea.
This report provides an in-depth analysis of the global coal market.
This report provides an in-depth analysis of the global market for coal other than lignite.
This report provides an in-depth analysis of the coal market in Republic of Korea.
This report provides an in-depth analysis of the market for coal other than lignite in Republic of Korea.
This report provides an in-depth analysis of the global coal market.
This report provides an in-depth analysis of the global market for coal other than lignite.
This article provides a list of the top importers of coal in 2022, including Japan, India, China, South Korea, Germany, Turkey, Malaysia, Netherlands, Philippines, and Brazil. These countries heavily rely on coal as a source of energy for electricity generation and industrial processes. However, as the world moves towards cleaner energy sources, the future of coal imports is uncertain.
In 2020, the decline in the global coal market gathered momentum, against the Covid-19 pandemic. The low cost of natural gas, combined with the development of alternative energy sources and stricter environmental regulations, are pushing the coal energy sector into stagnation. In the medium term, only the metallurgical industry is set to see a stable demand for coal.
The global coal trade amounted to X million USD in 2015, fluctuating mildly over the period under review, with a consistent downward trend in the last four years. A slight drop in 2009 was followed by brief recovery over the next two years, until
Explore the top import markets for high-quality coal other than lignite with key statistics and data from the IndexBox market intelligence platform.
This article provides a list of the top importers of coal in 2022, including Japan, India, China, South Korea, Germany, Turkey, Malaysia, Netherlands, Philippines, and Brazil. These countries heavily rely on coal as a source of energy for electricity generation and industrial processes. However, as the world moves towards cleaner energy sources, the future of coal imports is uncertain.
In 2020, the decline in the global coal market gathered momentum, against the Covid-19 pandemic. The low cost of natural gas, combined with the development of alternative energy sources and stricter environmental regulations, are pushing the coal energy sector into stagnation. In the medium term, only the metallurgical industry is set to see a stable demand for coal.
The global coal trade amounted to X million USD in 2015, fluctuating mildly over the period under review, with a consistent downward trend in the last four years. A slight drop in 2009 was followed by brief recovery over the next two years, until
Explore the top import markets for high-quality coal other than lignite with key statistics and data from the IndexBox market intelligence platform.