Price for Lignite; Agglomerated, Excluding Jet in Canada - 2023
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Canada (CIF) - 2022
- Price for Lignite; Agglomerated, Excluding Jet in Canada (FOB) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Canada
- Exports of Lignite; Agglomerated, Excluding Jet in Canada
Price for Lignite; Agglomerated, Excluding Jet in Canada (CIF) - 2022
In 2022, the average lignite; agglomerated, excluding jet import price amounted to $250 per ton, waning by -3.6% against the previous year. In general, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 6.8%. Over the period under review, average import prices reached the peak figure at $325 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($250 per ton), while the price for India amounted to $250 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.1%).
Price for Lignite; Agglomerated, Excluding Jet in Canada (FOB) - 2022
The average lignite; agglomerated, excluding jet export price stood at $146 per ton in 2022, declining by -22.1% against the previous year. In general, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of 32%. As a result, the export price attained the peak level of $282 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +3.9% per year.
Imports of Lignite; Agglomerated, Excluding Jet in Canada
For the fourth consecutive year, Canada recorded growth in overseas purchases of lignite; agglomerated, excluding jets, which increased by 2% to 2K tons in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, lignite; agglomerated, excluding jet imports reduced modestly to $494K in 2022. In general, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 58%. As a result, imports attained the peak of $502K, and then declined modestly in the following year.
Import of Lignite; Agglomerated, Excluding Jet in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 224 | 299 | 469 | 381 | 19.4% |
India | N/A | 18.9 | 33.4 | 113 | 144.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 224 | 318 | 502 | 494 | 30.2% |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Canada in 2022:
- United States (1525.0 tons)
- India (452.0 tons)
Exports of Lignite; Agglomerated, Excluding Jet in Canada
After two years of decline, overseas shipments of lignite; agglomerated, excluding jets increased by 6% to 722 tons in 2022. In general, exports, however, saw a sharp shrinkage.
In value terms, lignite; agglomerated, excluding jet exports fell dramatically to $106K in 2022. Over the period under review, exports, however, continue to indicate a significant curtailment. The smallest decline of -13.5% was in 2021.
Export of Lignite; Agglomerated, Excluding Jet in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 421 | 148 | 128 | 106 | -36.9% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 421 | 148 | 128 | 106 | -36.9% |
Top Export Markets for Lignite; Agglomerated, Excluding Jet from Canada in 2022:
- United States (722.0 tons)
This report provides an in-depth analysis of the lignite market in Canada.
This report provides an in-depth analysis of the coal market in Canada.
This report provides an in-depth analysis of the global lignite market.
This report provides an in-depth analysis of the global coal market.
This report provides an in-depth analysis of the lignite market in Canada.
This report provides an in-depth analysis of the global lignite market.
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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
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.