Finland: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Finland

In 2022, the Finnish coal other than lingite market increased by 225% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Coal Other Than Lingite

Exports from Finland

In 2022, exports of coal other than lingites from Finland reduced remarkably to X tons, declining by -99.8% on the previous year's figure. Over the period under review, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 42,639%. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, coal other than lingite exports shrank rapidly to $X in 2022. In general, exports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2021 when exports increased by 36,899%. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Sweden (X tons) was the main destination for coal other than lingite exports from Finland, accounting for a 66% share of total exports. Moreover, coal other than lingite exports to Sweden exceeded the volume sent to the second major destination, Latvia (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at -59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+79.7% per year) and Estonia (-46.6% per year).

In value terms, Sweden ($X) emerged as the key foreign market for coal other than lingites exports from Finland, comprising 65% of total exports. The second position in the ranking was taken by Latvia ($X), with a 24% share of total exports. It was followed by Russia, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to -61.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+72.3% per year) and Russia (-24.6% per year).

Export Prices by Country

In 2022, the average coal other than lingite export price amounted to $X per ton, dropping by -3.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 49% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($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 Lithuania (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Coal Other Than Lingite

Imports into Finland

In 2022, purchases abroad of coal other than lingites increased by 138% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a remarkable increase. 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. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of coal other than lingite imports to Finland, with a combined 76% share of total imports. Canada, South Africa, Kazakhstan, Colombia and Poland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +18,346.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coal other than lingite suppliers to Finland were the United States ($X), Australia ($X) and Canada ($X), together accounting for 65% of total imports. Russia, South Africa, Colombia, Kazakhstan and Poland lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, South Africa, with a CAGR of +7,931.4%, 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 average coal other than lingite import price amounted to $X per ton, picking up by 63% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +66.8% against 2020 indices. As a result, import price reached 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 Colombia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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