Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile - 2023

Contents:

1. Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile (CIF) - 2023
2. Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile (FOB) - 2022
3. Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile
4. Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile

Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile (CIF) - 2023

The average import price for coal; bituminous, whether or not pulverised, but not agglomerateds stood at $176 per ton in December 2023, picking up by 20% against the previous month. Overall, the import price, however, recorded a noticeable curtailment. Over the period under review, average import prices hit record highs at $314 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Canada ($250 per ton), while the price for Colombia ($137 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (-0.7%), while the prices for the other major suppliers experienced a decline.

Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile (FOB) - 2022

The average export price for coal; bituminous, whether or not pulverised, but not agglomerateds stood at $177 per ton in 2022, increasing by 31% against the previous year. Overall, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 152% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +80.7% per year.

Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile

In 2022, imports of coal; bituminous, whether or not pulverised, but not agglomerateds into Chile skyrocketed to 23M tons, growing by 79% on the previous year's figure. 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.

In value terms, imports of coal; bituminous, whether or not pulverised, but not agglomerateds skyrocketed to $2.2B in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 97% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated to Chile in 2022:

1. Colombia (10.5M tons)
2. United States (6.0M tons)
3. Australia (4.8M tons)
4. Canada (1.7M tons)

Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Chile

For the third consecutive year, Chile recorded decline in overseas shipments of coal; bituminous, whether or not pulverised, but not agglomerateds, which decreased by -8.5% to 429K tons in 2022. Over the period under review, exports recorded a drastic downturn. The smallest decline of -8.5% was in 2020.

In value terms, exports of coal; bituminous, whether or not pulverised, but not agglomerateds surged to $76M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 20%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated from Chile in 2022:

1. Spain (428.6K tons)

Source: IndexBox Market Intelligence Platform