Peru: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Peru

The Peruvian coal other than lingite market contracted significantly to $X in 2022, which is down by -17.2% against the previous year. Over the period under review, consumption recorded a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Coal Other Than Lingite in Peru

In value terms, coal other than lingite production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a slight descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29%. Coal other than lingite production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Coal Other Than Lingite

Exports from Peru

In 2022, exports of coal other than lingites from Peru fell sharply to X tons, shrinking by -24.5% compared with the year before. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2017 when exports increased by 270% against the previous year. The exports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, coal other than lingite exports reduced dramatically to $X in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 200%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank sharply in the following year.

Exports by Country

South Korea (X tons), Brazil (X tons) and China (X tons) were the main destinations of coal other than lingite exports from Peru, with a combined 79% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +35.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Brazil ($X) and China ($X) constituted the largest markets for coal other than lingite exported from Peru worldwide, with a combined 46% share of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +33.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coal other than lingite export price amounted to $X per ton, reducing by -7.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($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 Belgium (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Coal Other Than Lingite

Imports into Peru

In 2022, after two years of decline, there was significant growth in purchases abroad of coal other than lingites, when their volume increased by 8.7% to X tons. Over the period under review, imports, however, saw a mild curtailment. The pace of growth was the most pronounced in 2013 with an increase of 266%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coal other than lingite imports surged to $X in 2022. In general, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when imports increased by 282% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Colombia (X tons) constituted the largest coal other than lingite supplier to Peru, with a 61% share of total imports. Moreover, coal other than lingite imports from Colombia exceeded the figures recorded by the second-largest supplier, Venezuela (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Colombia amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (+3.2% per year) and the United States (+16.7% per year).

In value terms, Colombia ($X) constituted the largest supplier of coal other than lingites to Peru, comprising 55% of total imports. The second position in the ranking was taken by the United States ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.1% per year) and Venezuela (-0.7% per year).

Import Prices by Country

The average coal other than lingite import price stood at $X per ton in 2022, rising by 7.5% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 an increase of 39% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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