New Zealand: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in New Zealand

In 2022, the New Zealand coal other than lingite market increased by 2.3% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, showed a deep contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Coal Other Than Lingite in New Zealand

In value terms, coal other than lingite production contracted remarkably to $X in 2022 estimated in export price. Overall, production, however, saw a drastic downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 137% against the previous year. Coal other than lingite production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Coal Other Than Lingite

Exports from New Zealand

In 2022, shipments abroad of coal other than lingites decreased by -16.7% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2018 with an increase of 5,072,335% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, coal other than lingite exports shrank to $X in 2022. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 3,436,259% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for coal other than lingite exports from New Zealand, accounting for a 75% share of total exports. Moreover, coal other than lingite exports to Japan exceeded the volume sent to the second major destination, the UK (X tons), eightfold. China (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +133.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and China (+58.1% per year).

In value terms, Japan ($X) emerged as the key foreign market for coal other than lingites exports from New Zealand, comprising 61% of total exports. The second position in the ranking was taken by the UK ($X), with an 18% share of total exports. It was followed by Singapore, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +125.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Singapore (+28.1% per year).

Export Prices by Country

The average coal other than lingite export price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2015 an increase of 183% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Japan ($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 South Korea (+31.9%), while the prices for the other major destinations experienced a decline.

Imports of Coal Other Than Lingite

Imports into New Zealand

In 2022, after two years of decline, there was significant growth in supplies from abroad of coal other than lingites, when their volume increased by 45% to X tons. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 1,092%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, coal other than lingite imports surged to $X in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 837%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) was the main supplier of coal other than lingite to New Zealand, accounting for a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled +27.4%.

In value terms, Australia ($X) constituted the largest supplier of coal other than lingites to New Zealand.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at +40.3%.

Import Prices by Country

In 2022, the average coal other than lingite import price amounted to $X per ton, rising by 8.3% against the previous year. In general, the import price showed a pronounced increase. The growth pace was the most rapid in 2014 when the average import price increased by 70% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +37.4% per year.

Source: IndexBox Platform

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