Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria - 2022
Contents:
- Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria (CIF) - 2022
- Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria (FOB) - 2022
- Imports of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria
- Exports of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria
Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria (CIF) - 2022
In 2022, the average import price for lignite; whether or not pulverised, but not agglomerated, excluding jets amounted to $600 per ton, reducing by -29.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $855 per ton, and then contracted sharply in the following year.
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 ($601 per ton), while the price for India totaled $600 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.3%).
Price for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria (FOB) - 2022
In 2022, the average export price for lignite; whether or not pulverised, but not agglomerated, excluding jets amounted to $1,132 per ton, remaining stable against the previous year. Over the period under review, the export price saw a significant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 517%. Over the period under review, the average export prices attained the peak figure at $1,205 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +31.9% per year.
Imports of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria
In 2022, overseas purchases of lignite; whether or not pulverised, but not agglomerated, excluding jets increased by 64% to 8.3 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decline.
In value terms, imports of lignite; whether or not pulverised, but not agglomerated, excluding jets skyrocketed to $5K in 2022. Over the period under review, imports, however, recorded a abrupt decrease.
| Import of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.2 | 5.5 | 2.9 | 4.9 | -7.5% |
| United States | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | N/A | N/A | 1.3 | N/A | 0% |
| Total | 6.4 | 5.6 | 4.3 | 5.0 | -7.9% |
Top Suppliers of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet to Nigeria in 2022:
- India (8.1 tons)
- United States (0.1 tons)
Exports of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria
After three years of growth, overseas shipments of lignite; whether or not pulverised, but not agglomerated, excluding jets decreased by -15.2% to 424 kg in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, the exports reached the peak of 500 kg, and then declined sharply in the following year.
In value terms, exports of lignite; whether or not pulverised, but not agglomerated, excluding jets contracted to $480 in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, the exports attained the peak of $560, and then declined in the following year.
| Export of Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 338 | 400 | 560 | 480 | 12.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 338 | 400 | 560 | 480 | 12.4% |
Top Export Markets for Lignite; Whether or Not Pulverised, But Not Agglomerated, Excluding Jet from Nigeria in 2022:
- Niger (424.0 kg)
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This report provides an in-depth analysis of the lignite market in Nigeria.
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This report provides an in-depth analysis of the lignite market in Nigeria.
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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.
