Report Update Nov 1, 2024

Colombia - Lignite - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Lignite Market 2024

Lignite Market Size in Colombia

In 2022, the Colombian lignite market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a perceptible descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Lignite Production in Colombia

In value terms, lignite production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with a decrease of 99.9% against the previous year. Lignite production peaked in 2022 and is expected to retain growth in years to come.

Lignite Exports

Exports from Colombia

In 2022, shipments abroad of lignites decreased by -12.5% to X tons, falling for the second consecutive year after five years of growth. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 151% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, lignite exports contracted modestly to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for lignite exports from Colombia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at +84.5%.

In value terms, Brazil ($X) also remains the key foreign market for lignites exports from Colombia.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to +46.2%.

Export Prices by Country

In 2022, the average lignite export price amounted to $X per ton, growing by 12% against the previous year. Overall, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 70% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Ireland amounted to -10.1% per year.

Lignite Imports

Imports into Colombia

In 2022, supplies from abroad of lignites increased by 132% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2017 with an increase of 461% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lignite imports skyrocketed to $X in 2022. In general, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 263%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest lignite supplier to Colombia, accounting for a 74% share of total imports. Moreover, lignite imports from the United States exceeded the figures recorded by the second-largest supplier, Barbados (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Barbados (+10.8% per year) and India (+13.0% per year).

In value terms, the United States ($X) constituted the largest supplier of lignites to Colombia, comprising 63% of total imports. The second position in the ranking was held by Barbados ($X), with a 25% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Barbados (+3.6% per year) and India (-1.9% per year).

Import Prices by Country

In 2022, the average lignite import price amounted to $X per ton, declining by -11.5% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 31%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Barbados ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lignite in the world?

The countries with the highest volumes of in 2021 were Germany, China and Turkey, together accounting for 43% of global consumption. These countries were followed by Mongolia, the United States, Poland, India, Serbia, the Czech Republic, Bulgaria, Greece, Romania and Lao People's Democratic Republic, which together accounted for a further 46%.

What are the largest producers of lignite in the world?

The countries with the highest volumes of in 2021 were Germany, Indonesia and Turkey, together comprising 42% of global production. Mongolia, the United States, Poland, India, Serbia, the Czech Republic, Bulgaria, Greece, Romania and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 46%.

What are the leading suppliers of lignite to Colombia?

In value terms, Barbados, the United States and Mexico appeared to be the largest lignite suppliers to Colombia, with a combined 100% share of total imports.

What are the leading importers of lignite from Colombia?

In value terms, Brazil remains the key foreign market for lignite exports from Colombia.

What is the average export price for lignite in Colombia?

The average lignite export price stood at $1,513 per ton in 2021, picking up by 4.7% against the previous year.

What is the average import price for lignite in Colombia?

The average lignite import price stood at $584 per ton in 2021, increasing by 3.8% against the previous year.

This report provides an in-depth analysis of the lignite market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023