Middle East: Coal Market 2024

Coal Market Size in the Middle East

The Middle Eastern coal market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Coal Production in the Middle East

In value terms, coal production reduced to $X in 2022 estimated in export price. In general, production showed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Coal Exports

Exports in the Middle East

In 2022, the amount of coal exported in the Middle East rose slightly to X tons, growing by X% against the previous year's figure. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, coal exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey represented the key exporter of coal in the Middle East, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Oman (X tons) held the second position in the ranking, followed by Iran (X tons). All these countries together took approx. X% share of total exports. The United Arab Emirates (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to coal exports from Turkey stood at X%. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Oman increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest coal supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, coal exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Coal Imports

Imports in the Middle East

Coal imports surged to X tons in 2022, jumping by X% compared with 2021. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, coal imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the major importer of coal in the Middle East, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Israel (X tons), achieving a X% share of total imports. The United Arab Emirates (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Israel (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported coal in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, coal imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price posted a temperate increase. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :