United Kingdom: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in the UK

In 2022, the UK coal other than lingite market increased by 144% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a abrupt curtailment. Coal other than lingite consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Coal Other Than Lingite in the UK

In value terms, coal other than lingite production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 29%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Coal Other Than Lingite

Exports from the UK

In 2022, approx. X tons of coal other than lingites were exported from the UK; picking up by 19% compared with the previous year. In general, exports continue to indicate a notable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 66%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coal other than lingite exports surged to $X in 2022. Over the period under review, exports saw a notable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 50%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Norway (X tons) was the main destination for coal other than lingite exports from the UK, with a 46% share of total exports. Moreover, coal other than lingite exports to Norway exceeded the volume sent to the second major destination, Ireland (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-13.7% per year) and the Netherlands (+33.2% per year).

In value terms, the largest markets for coal other than lingite exported from the UK were Norway ($X), Iceland ($X) and Ireland ($X), with a combined 48% share of total exports.

Iceland, with a CAGR of +127.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coal other than lingite export price stood at $X per ton in 2022, growing by 12% against the previous year. In general, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Saudi Arabia ($X per ton), while the average price for exports to the Netherlands ($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 Ukraine (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coal Other Than Lingite

Imports into the UK

In 2022, overseas purchases of coal other than lingites increased by 155% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a abrupt decrease. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, coal other than lingite imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of coal other than lingite to the UK, with a 37% share of total imports. Moreover, coal other than lingite imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-1.7% per year) and South Africa (+13.0% per year).

In value terms, the United States ($X) constituted the largest supplier of coal other than lingites to the UK, comprising 39% of total imports. The second position in the ranking was taken by Australia ($X), with a 16% share of total imports. It was followed by Russia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-5.3% per year) and Russia (-16.7% per year).

Import Prices by Country

In 2022, the average coal other than lingite import price amounted to $X per ton, jumping by 17% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal other than lingite import price increased by +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 62%. The import price peaked in 2022 and is expected to retain 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 ($X per ton), while the price for Spain ($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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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