Latin America and the Caribbean: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Latin America and the Caribbean

In 2022, the Latin American coal other than lingite market increased by 27% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Coal Other Than Lingite in Latin America and the Caribbean

In value terms, coal other than lingite production declined to $X in 2022 estimated in export price. In general, production continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Coal Other Than Lingite

Exports in Latin America and the Caribbean

In 2022, shipments abroad of coal other than lingites increased by 4.4% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2017 with an increase of 26%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coal other than lingite exports contracted slightly to $X in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Colombia (X tons) represented the key exporter of coal other than lingites in Latin America and the Caribbean, mixing up 98% of total export.

Colombia was also the fastest-growing in terms of the coal other than lingites exports, with a CAGR of -2.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) also remains the largest coal other than lingite supplier in Latin America and the Caribbean.

In Colombia, coal other than lingite exports contracted by an average annual rate of -5.5% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, shrinking by -8.3% against the previous year. In general, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 24%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -3.0% per year.

Imports of Coal Other Than Lingite

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of coal other than lingites increased by 33% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 surged to $X in 2022. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Chile (X tons) and Brazil (X tons) dominates imports structure, together mixing up 76% of total imports. The Dominican Republic (X tons) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (6.9%) and Guatemala (4.7%). The following importers - Mexico (X tons) and Panama (X tons) - each finished at a 3.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Panama (with a CAGR of +196.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported coal other than lingites in Latin America and the Caribbean, comprising 59% of total imports. The second position in the ranking was held by Chile ($X), with a 22% share of total imports. It was followed by the Dominican Republic, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +7.2%. In the other countries, the average annual rates were as follows: Chile (+7.2% per year) and the Dominican Republic (+24.8% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, jumping by 36% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +109.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by 56%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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