Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea - 2022
Contents:
- Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea (CIF) - 2022
- Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea (FOB) - 2022
- Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea
- Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea
Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea (CIF) - 2022
The average import price for coal; bituminous, whether or not pulverised, but not agglomerateds stood at $147 per ton in 2022, picking up by 28% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for coal; bituminous, whether or not pulverised, but not agglomerateds increased by +93.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 South Africa ($222 per ton), while the price for Colombia ($105 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea (FOB) - 2022
In 2022, the average export price for coal; bituminous, whether or not pulverised, but not agglomerateds amounted to $107 per ton, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a slight slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 70%. The export price peaked at $149 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($127 per ton), while the average price for exports to Germany ($41 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 Germany (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea
In 2022, the amount of coal; bituminous, whether or not pulverised, but not agglomerateds imported into South Korea soared to 178M tons, growing by 52% compared with the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.3% 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 +54.2% against 2020 indices. 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 $26.2B in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.3 | 3.6 | 7.2 | 11.6 | 29.8% |
| Russia | 2.4 | 1.7 | 2.2 | 5.0 | 27.7% |
| Indonesia | 1.7 | 1.2 | 1.5 | 3.2 | 23.5% |
| 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 | 0.5 | 0.3 | 0.5 | 1.1 | 30.1% |
| Total | 13.1 | 8.8 | 13.5 | 26.2 | 26.0% |
Top Suppliers of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated to South Korea in 2022:
- Australia (88.0M tons)
- Indonesia (24.6M tons)
- Russia (24.4M tons)
- Canada (21.9M tons)
- South Africa (6.1M tons)
- United States (4.6M tons)
- Colombia (3.9M tons)
Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea
In 2022, the amount of coal; bituminous, whether or not pulverised, but not agglomerateds exported from South Korea contracted significantly to 96 tons, shrinking by -20% against the previous year's figure. Overall, exports showed a dramatic setback. The smallest decline of -20% was in 2021.
In value terms, exports of coal; bituminous, whether or not pulverised, but not agglomerateds declined significantly to $10K in 2022. Over the period under review, exports faced a precipitous slump. The smallest decline of -20% was in 2021.
| Export of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.4 | 15.2 | 10.5 | 7.8 | -14.3% |
| Netherlands | N/A | 0.1 | 1.5 | 1.4 | 274.2% |
| Germany | 0.4 | 0.8 | 0.8 | 0.9 | 31.0% |
| Pakistan | 6.9 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 20.1 | 16.1 | 12.9 | 10.3 | -20.0% |
Top Export Markets for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated from South Korea in 2022:
- China (61.7 tons)
- Germany (22.8 tons)
- Netherlands (11.7 tons)
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