Report Update Nov 1, 2024

Vietnam - Lignite - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Lignite Market 2024

Lignite Market Size in Vietnam

The Vietnamese lignite market rose markedly to $X in 2022, picking up by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lignite Exports

Exports from Vietnam

In 2018, overseas shipments of lignites decreased by 0% to X tons for the first time since 2015, thus ending a two-year declining trend. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2018 and are expected to retain growth in the immediate term.

In value terms, lignite exports totaled $X in 2018. In general, exports recorded a significant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the maximum in 2018 and are expected to retain growth in years to come.

Exports by Country

The Philippines (X tons) was the main destination for lignite exports from Vietnam, with a 87% share of total exports. Moreover, lignite exports to the Philippines exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X kg), sixfold.

From 2015 to 2018, the average annual growth rate of volume to the Philippines was relatively modest.

From 2015 to 2018, the average annual rate of growth in terms of value to the Philippines was relatively modest.

Export Prices by Country

In 2018, the average lignite export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price faced a dramatic downturn. The most prominent rate of growth was recorded in 2016 a decrease of 99.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2018, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2018, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to the Philippines amounted to $X per ton.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lignite Imports

Imports into Vietnam

Lignite imports into Vietnam expanded remarkably to X tons in 2022, rising by 13% on the year before. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 8,222%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, lignite imports amounted to $X in 2022. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 6,313% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest lignite supplier to Vietnam, accounting for a 62% share of total imports. Moreover, lignite imports from Indonesia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. China (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+75.5% per year) and China (+19.1% per year).

In value terms, Indonesia ($X) constituted the largest supplier of lignites to Vietnam, comprising 57% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+63.6% per year) and the United States (+45.7% per year).

Import Prices by Country

The average lignite import price stood at $X per ton in 2022, reducing by -9.1% against the previous year. Over the period under review, the import price, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 799% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Taiwan (Chinese) ($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 (+78.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lignite in the world?

The countries with the highest volumes of in 2021 were Germany, China and Turkey, together comprising 43% of global consumption. These countries were followed by Mongolia, the United States, Poland, India, Serbia, the Czech Republic, Bulgaria, Greece, Romania and Lao People's Democratic Republic, which together accounted for a further 46%.

What are the largest producers of lignite in the world?

The countries with the highest volumes of in 2021 were Germany, Indonesia and Turkey, with a combined 42% share of global production. Mongolia, the United States, Poland, India, Serbia, the Czech Republic, Bulgaria, Greece, Romania and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 46%.

What are the leading suppliers of lignite to Vietnam?

In value terms, Russia constituted the largest supplier of lignite to Vietnam, comprising 87% of total imports. The second position in the ranking was occupied by Indonesia, with a 13% share of total imports.

What is the average export price for lignite in Vietnam?

In 2018, the average lignite export price amounted to $193 per ton, flattening at the previous year.

What is the average import price for lignite in Vietnam?

In 2021, the average lignite import price amounted to $326 per ton, reducing by -11% against the previous year.

This report provides an in-depth analysis of the lignite market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023