India: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in India

The Indian coal other than lingite market rose modestly to $X in 2022, growing by 4.1% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +16.3% against 2020 indices. Coal other than lingite consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Coal Other Than Lingite in India

In value terms, coal other than lingite production fell to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 70% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Coal Other Than Lingite

Exports from India

Coal other than lingite exports from India surged to X tons in 2022, with an increase of 45% compared with the year before. Over the period under review, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 when exports increased by 105% 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, coal other than lingite exports skyrocketed to $X in 2022. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 91%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Nepal (X tons) was the main destination for coal other than lingite exports from India, with a 63% share of total exports. Moreover, coal other than lingite exports to Nepal exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. Bhutan (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-9.3% per year) and Bhutan (-0.0% per year).

In value terms, Nepal ($X) remains the key foreign market for coal other than lingites exports from India, comprising 71% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 19% share of total exports. It was followed by Oman, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nepal totaled +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-5.2% per year) and Oman (+129.9% per year).

Export Prices by Country

In 2022, the average coal other than lingite export price amounted to $X per ton, picking up by 27% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.1% 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 export price increased by +99.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Bangladesh ($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 Nepal (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coal Other Than Lingite

Imports into India

In 2022, coal other than lingite imports into India surged to X tons, increasing by 40% compared with 2021. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.0% against 2020 indices. As a result, imports attained 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 posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of coal other than lingite imports to India, with a combined 78% share of total imports. South Africa, Russia, Singapore and Mozambique lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +65.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coal other than lingite suppliers to India were Australia ($X), Indonesia ($X) and Russia ($X), with a combined 70% share of total imports. South Africa, the United States, Singapore and Mozambique lagged somewhat behind, together comprising a further 26%.

Singapore, with a CAGR of +83.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coal other than lingite import price stood at $X per ton in 2022, surging by 36% against the previous year. In general, the import price saw a notable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 60%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Singapore ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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