Eastern Asia: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Eastern Asia

The East Asian coal other than lingite market expanded modestly to $X in 2022, increasing by 4.3% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Coal Other Than Lingite in Eastern Asia

In value terms, coal other than lingite production shrank slightly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 92%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Coal Other Than Lingite

Exports in Eastern Asia

In 2022, shipments abroad of coal other than lingites increased by 23% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt downturn. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, coal other than lingite exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a pronounced setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic People's Republic of Korea (X tons) and China (X tons) represented roughly 99% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -6.8%).

In value terms, China ($X) emerged as the largest coal other than lingite supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Democratic People's Republic of Korea ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at -2.5%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, jumping by 31% against the previous year. In general, the export price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by 56%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%).

Imports of Coal Other Than Lingite

Imports in Eastern Asia

In 2022, supplies from abroad of coal other than lingites increased by 43% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coal other than lingite imports skyrocketed to $X in 2022. Overall, imports continue to indicate a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the major importing country with an import of about X tons, which accounted for 48% of total imports. South Korea (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by China (19%) and Taiwan (Chinese) (8.5%). Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of +8.5% from 2012 to 2022. At the same time, Hong Kong SAR (+8.5%), South Korea (+4.2%) and Taiwan (Chinese) (+1.3%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +8.5% from 2012-2022. By contrast, China (-3.5%) illustrated a downward trend over the same period. Japan (+18 p.p.) and South Korea (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and China saw its share reduced by -2% and -18.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 93% of total imports.

In terms of the main importing countries, Japan, with a CAGR of +7.4%, saw the highest rates of growth with regard to 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

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of 16% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal other than lingite import price increased by +73.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 50% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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