Price for Lignite; Agglomerated, Excluding Jet in Nigeria - 2022
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Nigeria (CIF) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Nigeria
Price for Lignite; Agglomerated, Excluding Jet in Nigeria (CIF) - 2022
In 2022, the average lignite; agglomerated, excluding jet import price amounted to $1,181 per ton, with an increase of 4.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 241%. The import price peaked at $4,128 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lebanon ($1,182 per ton), while the price for the United States totaled $1,181 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.9%).
Imports of Lignite; Agglomerated, Excluding Jet in Nigeria
In 2022, the amount of lignite; agglomerated, excluding jets imported into Nigeria declined rapidly to 7.8 tons, which is down by -47.8% on the previous year. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,407%. As a result, imports reached the peak of 15 tons, and then declined sharply in the following year.
In value terms, lignite; agglomerated, excluding jet imports dropped dramatically to $9.2K in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 975% against the previous year. As a result, imports attained the peak of $17K, and then shrank remarkably in the following year.
| Import of Lignite; Agglomerated, Excluding Jet in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.4 | 1.5 | 16.3 | 9.1 | 2.7% |
| Lebanon | 3.1 | 0.1 | 0.5 | 0.1 | -68.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.6 | 1.6 | 16.8 | 9.2 | -7.4% |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Nigeria in 2022:
- United States (7.7 tons)
- Lebanon (0.1 tons)
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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.
