Greece: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Greece

The Greek coal other than lingite market reduced rapidly to $X in 2022, falling by -37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a modest increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Coal Other Than Lingite

Exports from Greece

Coal other than lingite exports from Greece declined markedly to X tons in 2022, reducing by -20.5% compared with 2021. Overall, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 472%. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, coal other than lingite exports surged to $X in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 572%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Cyprus (X tons) was the main destination for coal other than lingite exports from Greece, with a 66% share of total exports. Moreover, coal other than lingite exports to Cyprus exceeded the volume sent to the second major destination, Romania (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus stood at +210.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+249.7% per year) and Turkey (0.0% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for coal other than lingites exports from Greece, comprising 65% of total exports. The second position in the ranking was held by Romania ($X), with a 24% share of total exports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to +177.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+176.9% per year) and Turkey (0.0% per year).

Export Prices by Country

The average coal other than lingite export price stood at $X per ton in 2022, surging by 102% against the previous year. Overall, the export price posted a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria ($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 Bulgaria (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Coal Other Than Lingite

Imports into Greece

In 2022, supplies from abroad of coal other than lingites decreased by -54.5% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 113%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, coal other than lingite imports expanded slightly to $X in 2022. In general, imports, however, recorded a perceptible increase. The growth pace was the most rapid in 2013 with an increase of 92% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest coal other than lingite supplier to Greece, accounting for a 56% share of total imports. Moreover, coal other than lingite imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold. The third position in this ranking was taken by South Africa (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (0.0% per year) and South Africa (-11.6% per year).

In value terms, Turkey ($X), Kazakhstan ($X) and Russia ($X) appeared to be the largest coal other than lingite suppliers to Greece, together accounting for 72% of total imports.

Among the main suppliers, Turkey, with a CAGR of +17,520.4%, recorded 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, jumping by 126% against the previous year. Overall, the import price enjoyed a remarkable increase. 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 Turkey ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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