Central Asia: Lignite Market 2024

Lignite Market Size in Central Asia

The Central Asian lignite market totaled $X in 2022, growing by 3.9% against the previous year. Overall, consumption saw a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Lignite Production in Central Asia

In value terms, lignite production amounted to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 62% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Lignite Exports

Exports in Central Asia

In 2022, shipments abroad of lignites increased by 13% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +150.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 54%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lignite exports fell to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 32%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan was the major exporting country with an export of around X tons, which amounted to 64% of total exports. Kazakhstan (X tons) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by Mongolia (6.9%).

Kyrgyzstan was also the fastest-growing in terms of the lignites exports, with a CAGR of +49.2% from 2012 to 2022. At the same time, Mongolia (+3.9%) displayed positive paces of growth. By contrast, Kazakhstan (-8.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan increased by +62 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Kyrgyzstan ($X) and Mongolia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

Kyrgyzstan, with a CAGR of +37.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, dropping by -14.9% against the previous year. In general, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.6%), while the other leaders experienced a decline in the export price figures.

Lignite Imports

Imports in Central Asia

In 2022, lignite imports in Central Asia surged to X tons, increasing by 22% compared with the year before. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 7,580%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, lignite imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 4,343%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of lignite imports in 2022 were Uzbekistan (X tons), together resulting at 100% of total import.

Uzbekistan was also the fastest-growing in terms of the lignites imports, with a CAGR of +22.6% from 2012 to 2022. While the share of Uzbekistan (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported lignites in Central Asia.

In Uzbekistan, lignite imports expanded at an average annual rate of +23.1% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 300% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Uzbekistan.

From 2012 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to 0.0% per year.

Source: IndexBox Platform

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