Price for Lignite; Agglomerated, Excluding Jet in Peru - 2022
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Peru (CIF) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Peru
Price for Lignite; Agglomerated, Excluding Jet in Peru (CIF) - 2022
The average lignite; agglomerated, excluding jet import price stood at $2,252 per ton in 2022, picking up by 7.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 19% against the previous year. As a result, import price reached the peak level of $4,500 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.1% per year.
Imports of Lignite; Agglomerated, Excluding Jet in Peru
After three years of growth, overseas purchases of lignite; agglomerated, excluding jets decreased by -7.2% to 270 kg in 2022. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 291 kg, and then dropped in the following year.
In value terms, lignite; agglomerated, excluding jet imports contracted to $608 in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 0.2% against the previous year.
| Import of Lignite; Agglomerated, Excluding Jet in Peru (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 606 | 608 | 609 | 608 | 0.1% |
| Others | 1.0 | N/A | N/A | N/A | 0% |
| Total | 607 | 608 | 609 | 608 | 0.1% |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Peru in 2022:
- China (270.0 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.
