Kuwait: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Kuwait

The Kuwaiti coal other than lingite market declined significantly to $X in 2022, which is down by -19.4% 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). Over the period under review, consumption showed a perceptible descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Coal Other Than Lingite

Exports from Kuwait

After three years of decline, overseas shipments of coal other than lingites increased by 39% to X tons in 2022. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 9,254% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, coal other than lingite exports amounted to $X in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 9,411%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iraq (X tons) was the main destination for coal other than lingite exports from Kuwait, accounting for a 66% share of total exports. Moreover, coal other than lingite exports to Iraq exceeded the volume sent to the second major destination, Lebanon (X tons), fourfold. Jordan (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-20.5% per year) and Jordan (+41.8% per year).

In value terms, the largest markets for coal other than lingite exported from Kuwait were Iraq ($X), Lebanon ($X) and Jordan ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +10.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average coal other than lingite export price stood at $X per ton in 2022, dropping by -25.6% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 14%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Iraq ($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 India (+16.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Coal Other Than Lingite

Imports into Kuwait

Coal other than lingite imports into Kuwait contracted remarkably to X tons in 2022, waning by -16% compared with 2021 figures. Overall, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 when imports increased by 183%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coal other than lingite imports declined markedly to $X in 2022. In general, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 174% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa (X tons), Mozambique (X tons) and Egypt (X tons) were the main suppliers of coal other than lingite imports to Kuwait, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mozambique (with a CAGR of +29.7%), while imports for the other leaders experienced a decline.

In value terms, Mozambique ($X), South Africa ($X) and Egypt ($X) constituted the largest coal other than lingite suppliers to Kuwait, with a combined 84% share of total imports.

Mozambique, with a CAGR of +19.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average coal other than lingite import price amounted to $X per ton, which is down by -7.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 27% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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