Eastern Asia: Lignite Market 2024

Lignite Market Size in Eastern Asia

The East Asian lignite market fell sharply to $X in 2022, declining by -20.4% against the previous year. Over the period under review, consumption, however, posted a measured expansion. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Lignite Production in Eastern Asia

In value terms, lignite production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight decline. The growth pace was the most rapid in 2015 when the production volume increased by 5.8% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Lignite Exports

Exports in Eastern Asia

In 2022, overseas shipments of lignites increased by 11% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 122% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, lignite exports reduced modestly to $X in 2022. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 41%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which reached 69% of total exports. It was distantly followed by Democratic People's Republic of Korea (X tons), achieving a 29% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -8.7% from 2012 to 2022. At the same time, Taiwan (Chinese) (+9.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +9.9% from 2012-2022. Democratic People's Republic of Korea experienced a relatively flat trend pattern. While the share of Democratic People's Republic of Korea (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-15.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lignite supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was taken by Democratic People's Republic of Korea ($X), with a 13% share of total exports.

In China, lignite exports contracted by an average annual rate of -12.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Democratic People's Republic of Korea (-3.2% per year) and Taiwan (Chinese) (+0.5% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, which is down by -14.5% against the previous year. Over the period under review, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2017 when the export price increased by 63% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (-3.0%), while the other leaders experienced a decline in the export price figures.

Lignite Imports

Imports in Eastern Asia

Lignite imports declined rapidly to X tons in 2022, which is down by -21.7% against the year before. In general, imports, however, showed a notable increase. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank rapidly in the following year.

In value terms, lignite imports declined markedly to $X in 2022. Overall, imports, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

China (X tons) represented roughly 100% of total imports in 2022.

China was also the fastest-growing in terms of the lignites imports, with a CAGR of +4.7% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in China amounted to +4.3%.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by 2.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 51%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.5% per year.

Source: IndexBox Platform

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