Russian Federation: Coal Market 2024

Coal Market Size in the Russian Federation

In 2022, the Russian coal market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a slight shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Coal Production in the Russian Federation

In value terms, coal production fell to $X in 2022 estimated in export price. Overall, production saw a mild contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Coal production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Coal Exports

Exports from the Russian Federation

Coal exports from Russia declined to X tons in 2022, which is down by X% on 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, coal exports rose rapidly to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for coal exports from Russia, accounting for a X% share of total exports. Moreover, coal exports to China exceeded the volume sent to the second major destination, South Korea (X tons), threefold. Poland (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Poland (X% per year).

In value terms, China ($X) remains the key foreign market for coal exports from Russia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average coal export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Belarus ($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 Ireland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Coal Imports

Imports into the Russian Federation

In 2022, after three years of decline, there was significant growth in supplies from abroad of coal, when their volume increased by X% to X tons. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, coal imports declined to $X in 2022. In general, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) was the main coal supplier to Russia, accounting for a X% share of total imports. It was followed by Ukraine (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan stood at X%.

In value terms, Kazakhstan ($X) constituted the largest supplier of coal to Russia, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan totaled X%.

Import Prices by Country

The average coal import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Ukraine ($X per ton), while the price for Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%).

Source: IndexBox Platform

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