Colombia: Coal Market 2025

Coal Market Size in Colombia

In 2022, the Colombian coal market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption saw a strong expansion. Coal consumption peaked at $X in 2021, and then declined in the following year.

Coal Production in Colombia

In value terms, coal production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Coal Exports

Exports from Colombia

In 2022, shipments abroad of coal increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coal exports surged to $X in 2022. Overall, exports posted a measured expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Turkey (X tons) and Chile (X tons) were the main destinations of coal exports from Colombia, together comprising X% of total exports. Israel, the Dominican Republic, Brazil, Germany, the United States, Spain, Guatemala, Ireland, Poland and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the Netherlands ($X) and Israel ($X) constituted the largest markets for coal exported from Colombia worldwide, together accounting for X% of total exports. Chile, Brazil, the Dominican Republic, Poland, the United States, Mexico, Spain, Germany, Ireland and Guatemala lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coal export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Coal Imports

Imports into Colombia

In 2022, supplies from abroad of coal was finally on the rise to reach X tons after three years of decline. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, coal imports soared to $X in 2022. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Venezuela (X tons) constituted the largest supplier of coal to Colombia, with a X% share of total imports. Moreover, coal imports from Venezuela exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Venezuela was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Peru (X% per year).

In value terms, the largest coal suppliers to Colombia were Venezuela ($X), the United States ($X) and Peru ($X), with a combined X% share of total imports.

In terms of the main suppliers, Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coal import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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