Middle East: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in the Middle East

In 2022, the Middle Eastern coal other than lingite market increased by 61% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a buoyant expansion. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Coal Other Than Lingite in the Middle East

In value terms, coal other than lingite production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when the production volume increased by 27%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Coal Other Than Lingite

Exports in the Middle East

Coal other than lingite exports surged to X tons in 2022, with an increase of 136% compared with the year before. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 191%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, coal other than lingite exports soared to $X in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the major exporting country with an export of around X tons, which accounted for 60% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 34% share, followed by Iran (5.1%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +66.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) emerged as the largest coal other than lingite supplier in the Middle East, comprising 75% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +64.3%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+52.4% per year) and Iran (-6.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, rising by 23% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +107.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 69% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($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 (-1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Coal Other Than Lingite

Imports in the Middle East

In 2022, approx. X tons of coal other than lingites were imported in the Middle East; jumping by 26% on the previous year. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 98% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, coal other than lingite imports skyrocketed to $X in 2022. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the largest importing country with an import of about X tons, which amounted to 80% of total imports. It was distantly followed by Israel (X tons), mixing up a 14% share of total imports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the coal other than lingites imports, with a CAGR of +20.5% from 2012 to 2022. The United Arab Emirates (-4.0%) and Israel (-5.2%) illustrated a downward trend over the same period. Turkey (+51 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Israel saw its share reduced by -8.1% and -41.4% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported coal other than lingites in the Middle East, comprising 78% of total imports. The second position in the ranking was taken by Israel ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +21.8%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+3.1% per year) and the United Arab Emirates (-2.1% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by 60% against the previous year. In general, the import price recorded a tangible increase. The pace of growth appeared the most rapid in 2021 an increase of 64%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual 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 (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :