Vietnam: Market for Coal Other Than Lingite 2024

Market Size for Coal Other Than Lingite in Vietnam

The Vietnamese coal other than lingite market expanded rapidly to $X in 2022, with an increase of 9.7% against the previous year. In general, consumption continues to indicate a remarkable increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Coal Other Than Lingite in Vietnam

In value terms, coal other than lingite production declined to $X in 2022 estimated in export price. In general, production, however, showed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 41%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Coal Other Than Lingite

Exports from Vietnam

Coal other than lingite exports from Vietnam declined significantly to X tons in 2022, falling by -25.4% on the previous year's figure. Over the period under review, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 103% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coal other than lingite exports declined dramatically to $X in 2022. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 113%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Indonesia (X tons) and the Philippines (X tons) were the main destinations of coal other than lingite exports from Vietnam, together comprising 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +13.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for coal other than lingite exported from Vietnam were Japan ($X), Indonesia ($X) and South Korea ($X), together comprising 68% of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average coal other than lingite export price amounted to $X per ton, approximately reflecting the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 export price increased by +3.2% against 2020 indices. The growth pace was the most rapid in 2015 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Philippines ($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 China (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coal Other Than Lingite

Imports into Vietnam

In 2022, approx. X tons of coal other than lingites were imported into Vietnam; growing by 27% on the year before. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 148% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, coal other than lingite imports expanded rapidly to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 93%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), Indonesia (X tons) and Russia (X tons) were the main suppliers of coal other than lingite imports to Vietnam, with a combined 85% share of total imports. South Africa, Canada and Mozambique lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +89.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coal other than lingite suppliers to Vietnam were Australia ($X), Indonesia ($X) and Russia ($X), with a combined 89% share of total imports. South Africa, Canada and Mozambique lagged somewhat behind, together accounting for a further 11%.

South Africa, with a CAGR of +78.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coal other than lingite import price amounted to $X per ton, waning by -15.9% against the previous year. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 36%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Australia ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :