Thailand: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Thailand

For the third year in a row, the Thai coal other than lingite market recorded growth in sales value, which increased by 26% to $X in 2022. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.3% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Coal Other Than Lingite

Exports from Thailand

In 2022, overseas shipments of coal other than lingites increased by 23% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 657% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, coal other than lingite exports surged to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 355% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Cambodia (X tons) was the main destination for coal other than lingite exports from Thailand, with a 86% share of total exports. It was followed by Lao People's Democratic Republic (X tons), with a 2.7% share of total exports. The third position in this ranking was held by Indonesia (X tons), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia totaled +61.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+93.5% per year) and Indonesia (+48.9% per year).

In value terms, Cambodia ($X) remains the key foreign market for coal other than lingites exports from Thailand, comprising 74% of total exports. The second position in the ranking was held by Bahrain ($X), with a 5.3% share of total exports. It was followed by Indonesia, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia stood at +65.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+7.7% per year) and Indonesia (+53.0% per year).

Export Prices by Country

The average coal other than lingite export price stood at $X per ton in 2022, rising by 41% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Bangladesh (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coal Other Than Lingite

Imports into Thailand

In 2022, after two years of growth, there was significant decline in supplies from abroad of coal other than lingites, when their volume decreased by -11.8% to X tons. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 62% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, coal other than lingite imports surged to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest coal other than lingite supplier to Thailand, accounting for a 70% share of total imports. Moreover, coal other than lingite imports from Indonesia exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The Philippines (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+4.4% per year) and the Philippines (+16.0% per year).

In value terms, Indonesia ($X) constituted the largest supplier of coal other than lingites to Thailand, comprising 75% of total imports. The second position in the ranking was taken by Australia ($X), with a 19% share of total imports. It was followed by Russia, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+7.8% per year) and Russia (+68.7% per year).

Import Prices by Country

In 2022, the average coal other than lingite import price amounted to $X per ton, with an increase of 67% against the previous year. In general, the import price enjoyed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Russia ($X per ton), while the price for Australia ($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 Philippines (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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