South-Eastern Asia: Lignite Market 2024

Lignite Market Size in South-Eastern Asia

The Southeast Asian lignite market rose rapidly to $X in 2022, growing by 6.9% against the previous year. Over the period under review, consumption, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 9.8%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lignite Production in South-Eastern Asia

In value terms, lignite production fell to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lignite Exports

Exports in South-Eastern Asia

In 2022, the amount of lignites exported in South-Eastern Asia contracted to X tons, falling by -12.8% against the year before. Overall, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 68%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, lignite exports reduced remarkably to $X in 2022. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 145% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Indonesia prevails in exports structure, resulting at X tons, which was near 91% of total exports in 2022. It was distantly followed by the Philippines (X tons), constituting an 8.9% share of total exports.

Exports from Indonesia increased at an average annual rate of +7.6% from 2012 to 2022. At the same time, the Philippines (+11.0%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +11.0% from 2012-2022. While the share of the Philippines (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-2 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest lignite supplier in South-Eastern Asia, comprising 88% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to +6.3%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, reducing by -19.3% against the previous year. In general, the export price recorded a mild curtailment. The pace of growth was the most pronounced in 2021 when the export price increased by 82% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-0.6%).

Lignite Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of lignites were imported in South-Eastern Asia; dropping by -14.9% against 2021. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 112% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, lignite imports declined markedly to $X in 2022. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2017 with an increase of 197%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Thailand was the largest importer of lignites in South-Eastern Asia, with the volume of imports amounting to X tons, which was near 69% of total imports in 2022. It was distantly followed by the Philippines (X tons), making up a 31% share of total imports.

Thailand was also the fastest-growing in terms of the lignites imports, with a CAGR of +67.6% from 2012 to 2022. At the same time, the Philippines (+9.5%) displayed positive paces of growth. While the share of Thailand (+66 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Philippines (-46.5 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022.

Thailand, with a CAGR of +28.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, falling by -7% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 48%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Thailand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-2.6%).

Source: IndexBox Platform

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