Norway: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Norway

In 2022, the Norwegian coal other than lingite market increased by 137% to $X, rising for the sixth year in a row after two years of decline. In general, consumption recorded buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Coal Other Than Lingite in Norway

In value terms, coal other than lingite production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic setback. The growth pace was the most rapid in 2013 with an increase of 37%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Coal Other Than Lingite

Exports from Norway

In 2022, approx. X tons of coal other than lingites were exported from Norway; which is down by -29.3% on the previous year's figure. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 293% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, coal other than lingite exports fell remarkably to $X in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 226%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for coal other than lingite exports from Norway, accounting for a 23% share of total exports. Moreover, coal other than lingite exports to Poland exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-15.6% per year) and Germany (-28.0% per year).

In value terms, the largest markets for coal other than lingite exported from Norway were Poland ($X), Germany ($X) and the UK ($X), with a combined 47% share of total exports. The Netherlands, Spain, Denmark and Sweden lagged somewhat behind, together accounting for a further 13%.

Denmark, with a CAGR of +520.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average coal other than lingite export price amounted to $X per ton, waning by -2.6% against the previous year. In general, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 40% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coal Other Than Lingite

Imports into Norway

In 2022, overseas purchases of coal other than lingites increased by 143% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, coal other than lingite imports soared to $X in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Colombia (X tons) constituted the largest coal other than lingite supplier to Norway, accounting for a 84% share of total imports. Moreover, coal other than lingite imports from Colombia exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. Russia (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia totaled +69.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-3.0% per year) and Russia (+3.3% per year).

In value terms, Colombia ($X) constituted the largest supplier of coal other than lingites to Norway, comprising 76% of total imports. The second position in the ranking was taken by Poland ($X), with a 6.3% share of total imports. It was followed by the United States, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia amounted to +65.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.3% per year) and the United States (+14.7% per year).

Import Prices by Country

The average coal other than lingite import price stood at $X per ton in 2022, increasing by 9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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