Price for Lignite; Agglomerated, Excluding Jet in Colombia - 2022
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Colombia (CIF) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Colombia
Price for Lignite; Agglomerated, Excluding Jet in Colombia (CIF) - 2022
The average lignite; agglomerated, excluding jet import price stood at $1,307 per ton in 2022, growing by 1.5% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The import price peaked at $2,476 per ton in 2012; however, from 2013 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 the United States ($1,308 per ton), while the price for India stood at $1,302 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.5%).
Imports of Lignite; Agglomerated, Excluding Jet in Colombia
In 2022, after three years of growth, there was decline in supplies from abroad of lignite; agglomerated, excluding jets, when their volume decreased by -1.1% to 357 tons. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 2.3% against the previous year. As a result, imports attained the peak of 361 tons, and then contracted slightly in the following year.
In value terms, lignite; agglomerated, excluding jet imports totaled $466K in 2022. Overall, imports continue to indicate a relatively flat trend pattern.
| Import of Lignite; Agglomerated, Excluding Jet in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 416 | 405 | 394 | 377 | -3.2% |
| India | 56.0 | 62.7 | 70.1 | 88.7 | 16.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 472 | 468 | 464 | 466 | -0.4% |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Colombia in 2022:
- United States (288.4 tons)
- India (68.1 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.
