Slovakia: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Slovakia

In 2022, the Slovak coal other than lingite market increased by 97% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted notable growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Coal Other Than Lingite

Exports from Slovakia

In 2022, the amount of coal other than lingites exported from Slovakia skyrocketed to X tons, increasing by 56% compared with 2021. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 959%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, coal other than lingite exports soared to $X in 2022. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 785% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Serbia (X tons) was the main destination for coal other than lingite exports from Slovakia, accounting for a 84% share of total exports. Moreover, coal other than lingite exports to Serbia exceeded the volume sent to the second major destination, the Czech Republic (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia totaled +87.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-1.7% per year) and Germany (+9.5% per year).

In value terms, Serbia ($X) remains the key foreign market for coal other than lingites exports from Slovakia, comprising 61% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 20% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Serbia stood at +71.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+2.8% per year) and Germany (+13.7% per year).

Export Prices by Country

In 2022, the average coal other than lingite export price amounted to $X per ton, shrinking by -1.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 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 Brazil ($X per ton), while the average price for exports to Serbia ($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 Brazil (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coal Other Than Lingite

Imports into Slovakia

In 2022, supplies from abroad of coal other than lingites increased by 76% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +136.0% against 2020 indices. As a result, imports reached 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. In general, imports recorded a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Ukraine (X tons) and Poland (X tons) were the main suppliers of coal other than lingite imports to Slovakia, together accounting for 60% of total imports. Mozambique, the Czech Republic, Colombia, Canada and Russia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +301.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coal other than lingite suppliers to Slovakia were the United States ($X), Ukraine ($X) and Poland ($X), together comprising 52% of total imports. Mozambique, Canada, the Czech Republic, Russia and Colombia lagged somewhat behind, together accounting for a further 42%.

Colombia, with a CAGR of +284.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 2022, rising by 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 62% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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