Price for Lignite; Agglomerated, Excluding Jet in Iran - 2022
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Iran (CIF) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Iran
Price for Lignite; Agglomerated, Excluding Jet in Iran (CIF) - 2022
In 2022, the average lignite; agglomerated, excluding jet import price amounted to $5,339 per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +6.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 90%. Over the period under review, average import prices attained the maximum at $5,354 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +6.9% per year.
Imports of Lignite; Agglomerated, Excluding Jet in Iran
In 2022, after two years of decline, there was significant growth in overseas purchases of lignite; agglomerated, excluding jets, when their volume increased by 13% to 230 kg. In general, imports, however, continue to indicate a abrupt downturn.
In value terms, lignite; agglomerated, excluding jet imports expanded notably to $1.2K in 2022. Over the period under review, imports, however, saw a abrupt setback.
| Import of Lignite; Agglomerated, Excluding Jet in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 1.7 | 1.4 | 1.1 | 1.2 | -11.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 1.4 | 1.1 | 1.2 | -11.0% |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Iran in 2022:
- Oman (230.0 kg)
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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.
