Vietnam: Coal Market 2024

Coal Market Size in Vietnam

In 2022, the Vietnamese coal market decreased by X% to $X, falling for the second consecutive year after nine years of growth. In general, consumption, however, showed a remarkable increase. Coal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Coal Production in Vietnam

In value terms, coal production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Coal Exports

Exports from Vietnam

In 2022, overseas shipments of coal increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, coal exports soared to $X in 2022. Over the period under review, exports, however, faced a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for coal exports from Vietnam, with a X% share of total exports. Moreover, coal exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), sixfold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Thailand (X% per year).

In value terms, Japan ($X) remains the key foreign market for coal exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and South Africa (X% per year).

Export Prices by Country

The average coal export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price saw strong growth. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coal Imports

Imports into Vietnam

In 2022, supplies from abroad of coal decreased by X% to X tons, falling for the second year in a row after nine years of growth. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, coal imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Australia (X tons), Indonesia (X tons) and Russia (X tons) were the main suppliers of coal imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of coal to Vietnam, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Russia (X% per year).

Import Prices by Country

The average coal import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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