Saudi Arabia: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Saudi Arabia

The Saudi coal other than lingite market plummeted to less than $X in 2022, which is down by 99.9% against the previous year. Overall, consumption, however, showed a mild curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Coal Other Than Lingite in Saudi Arabia

In value terms, coal other than lingite production totaled less than $X in 2022 estimated in export price. Overall, production posted a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume decreased by 99.9% against the previous year. Coal other than lingite production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Coal Other Than Lingite

Exports from Saudi Arabia

In 2022, shipments abroad of coal other than lingites was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2014 when exports increased by 2,357% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, coal other than lingite exports soared to $X in 2022. Over the period under review, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 when exports increased by 788% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for coal other than lingite exports from Saudi Arabia, with a 100% share of total exports. It was followed by South Africa (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at +377.6%.

In value terms, South Korea ($X) emerged as the key foreign market for coal other than lingites exports from Saudi Arabia, comprising 99.9% of total exports. The second position in the ranking was taken by South Africa ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at +211.8%.

Export Prices by Country

In 2022, the average coal other than lingite export price amounted to $X per ton, which is down by -33% against the previous year. Overall, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of 160%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to South Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coal Other Than Lingite

Imports into Saudi Arabia

In 2021, approx. X tons of coal other than lingites were imported into Saudi Arabia; growing by 16% on the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 91%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, coal other than lingite imports rose remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2014 with an increase of 33%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Egypt (X tons), Russia (X tons) and Vietnam (X tons) were the main suppliers of coal other than lingite imports to Saudi Arabia, with a combined 77% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +214.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coal other than lingite suppliers to Saudi Arabia were Egypt ($X), Russia ($X) and Indonesia ($X), with a combined 60% share of total imports. Vietnam, Poland, China and South Africa lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Vietnam, with a CAGR of +166.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coal other than lingite import price stood at $X per ton in 2021, which is down by -9.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+91.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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