Colombia: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Colombia

In 2022, the Colombian coal other than lingite market decreased by -19.8% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, posted a moderate expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined remarkably in the following year.

Production of Coal Other Than Lingite in Colombia

In value terms, coal other than lingite production fell to $X in 2022 estimated in export price. Overall, production saw a noticeable setback. The growth pace was the most rapid in 2021 when the production volume increased by 17%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Coal Other Than Lingite

Exports from Colombia

After four years of decline, overseas shipments of coal other than lingites increased by 4.7% to X tons in 2022. In general, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 26%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, coal other than lingite exports dropped to $X in 2022. Overall, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 24% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for coal other than lingite exports from Colombia, with a 24% share of total exports. Moreover, coal other than lingite exports to Turkey exceeded the volume sent to the second major destination, Chile (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+2.0% per year) and the Netherlands (-10.4% per year).

In value terms, Turkey ($X) remains the key foreign market for coal other than lingites exports from Colombia, comprising 23% of total exports. The second position in the ranking was held by Brazil ($X), with an 11% share of total exports. It was followed by Chile, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+4.2% per year) and Chile (-0.9% per year).

Export Prices by Country

In 2022, the average coal other than lingite export price amounted to $X per ton, with a decrease of -9.5% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to India ($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 Spain (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Coal Other Than Lingite

Imports into Colombia

In 2022, overseas purchases of coal other than lingites decreased by -38.5% to X tons, falling for the second consecutive year after six years of growth. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 542% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, coal other than lingite imports stood at $X in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 549% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of coal other than lingite to Colombia, accounting for a 54% share of total imports. Moreover, coal other than lingite imports from Spain exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +95.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+102.4% per year) and the United States (+48.8% per year).

In value terms, Spain ($X) constituted the largest supplier of coal other than lingites to Colombia, comprising 61% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports. It was followed by Peru, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+44.9% per year) and Peru (+53.7% per year).

Import Prices by Country

The average coal other than lingite import price stood at $X per ton in 2022, with an increase of 63% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. 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 the United States ($X per ton), while the price for Peru ($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 (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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