Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Luxembourg - 2023
Contents:
- Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Luxembourg (CIF) - 2023
- Imports of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Luxembourg
Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Luxembourg (CIF) - 2023
The average import price for lignite; whether or not pulverised, but not agglomerated, excluding jets stood at $210 per ton in July 2023, approximately mirroring the previous month. Over the period from October 2022 to July 2023, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in March 2023 an increase of 8.8% month-to-month. The import price peaked at $210 per ton in June 2023, and then declined in the following month.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From October 2022 to July 2023, the rate of growth in terms of prices for Belgium amounted to +11.2% per month.
Imports of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Luxembourg
In 2022, overseas purchases of lignite; whether or not pulverised, but not agglomerated, excluding jets decreased by -1.1% to 6K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. As a result, imports reached the peak of 7.6K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of lignite; whether or not pulverised, but not agglomerated, excluding jets expanded sharply to $1M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 405 | 848 | 885 | 779 | 24.4% |
| Germany | 448 | 279 | 60.8 | 252 | -17.5% |
| Others | 38.6 | N/A | N/A | N/A | 0% |
| Total | 892 | 1,127 | 946 | 1,030 | 4.9% |
Top Suppliers of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet to Luxembourg in 2022:
- Belgium (4.5K tons)
- Germany (1.4K 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.
