Turkey - Coal - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Turkey - Coal - Market Analysis, Forecast, Size, Trends and Insights

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Coal Price in Turkey - 2023

Contents:

  1. Coal Price in Turkey (CIF) - 2022
  2. Coal Price in Turkey (FOB) - 2022
  3. Coal Imports in Turkey
  4. Coal Exports in Turkey

Coal Price in Turkey (CIF) - 2022

The average coal import price stood at $177 per ton in 2022, picking up by 52% against the previous year. Over the period under review, the import price posted a modest expansion. The pace of growth appeared the most rapid in 2021 an increase of 73% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($246 per ton), while the price for Kazakhstan ($56 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Coal Price in Turkey (FOB) - 2022

In 2022, the average coal export price amounted to $234 per ton, with an increase of 53% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +10.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal export price increased by +70.4% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 69%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($356 per ton), while the average price for exports to Ukraine ($152 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 Greece (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Coal Imports in Turkey

In 2022, coal imports into Turkey skyrocketed to 46M tons, jumping by 32% on 2021. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coal imports soared to $8.2B in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Coal in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1,2111,1481,4433,89747.6%
Colombia1,2928761,4922,11717.9%
Australia5681017771,06123.2%
United States20730115159141.9%
Canada13013278.820215.8%
Kazakhstan0.942.292.6174478.2%
South Africa87.111324.176.8-4.1%
Others23.58.917.852.030.3%
Total3,5192,7224,0778,16932.4%

Top Suppliers of Coal to Turkey in 2022:

  1. Russia (19.7M tons)
  2. Colombia (10.5M tons)
  3. Australia (7.2M tons)
  4. United States (3.5M tons)
  5. Kazakhstan (3.1M tons)
  6. Canada (1.4M tons)
  7. South Africa (0.3M tons)

Coal Exports in Turkey

In 2022, coal exports from Turkey soared to 1.2M tons, increasing by 1,266% against the previous year. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coal exports soared to $281M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Coal in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChileN/AN/AN/A41.70%
NetherlandsN/AN/AN/A37.00%
SpainN/AN/AN/A32.10%
ItalyN/AN/AN/A31.60%
RomaniaN/AN/AN/A19.80%
GermanyN/AN/A0.117.717600.0%
MoroccoN/AN/AN/A15.50%
Bulgaria0.10.11.410.8376.2%
FranceN/AN/AN/A10.20%
EgyptN/AN/AN/A8.50%
Timor-LesteN/AN/AN/A6.90%
UkraineN/AN/AN/A5.80%
GreeceN/AN/A5.05.48.0%
Others4.36.77.037.9106.6%
Total4.56.913.5281296.7%

Top Export Markets for Coal from Turkey in 2022:

  1. Spain (164.3K tons)
  2. Italy (159.9K tons)
  3. Netherlands (143.6K tons)
  4. Chile (130.2K tons)
  5. Romania (76.7K tons)
  6. Germany (58.5K tons)
  7. Bulgaria (53.0K tons)
  8. France (50.1K tons)
  9. Morocco (43.4K tons)
  10. Egypt (41.5K tons)
  11. Timor-Leste (40.0K tons)
  12. Ukraine (38.1K tons)
  13. Greece (31.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the coal market in Turkey. 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:

    • Turkey

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Turkey
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. 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
    12. 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
    Store
    Blog
    Event
    Coal Price in Turkey Jumps to $200 per Ton
    Mar 23, 2023
    Eye 867

    In December 2022, the coal price stood at $200 per ton (CIF, Turkey), picking up by 5.7% against the previous month. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 44% month-to-month. From January 2022 to December 2022, the rate of growth in terms of prices for coal other than lingite amounted to +1.4% per month. In value terms, coal imports fell to $587M (IndexBox estimates) in December 2022. In December 2022, Russia constituted the largest supplier of coal to Turkey.

    Top Coal Importers
    Oct 18, 2023
    Eye 335

    This article provides a list of the top importers of coal in 2022, including Japan, India, China, South Korea, Germany, Turkey, Malaysia, Netherlands, Philippines, and Brazil. These countries heavily rely on coal as a source of energy for electricity generation and industrial processes. However, as the world moves towards cleaner energy sources, the future of coal imports is uncertain.

    Alternative Energy Regulation and the Covid-19 Pandemic Restrict Global Coal Market Growth
    Apr 2, 2021
    Eye 1002

    In 2020, the decline in the global coal market gathered momentum, against the Covid-19 pandemic. The low cost of natural gas, combined with the development of alternative energy sources and stricter environmental regulations, are pushing the coal energy sector into stagnation. In the medium term, only the metallurgical industry is set to see a stable demand for coal. 

    Coal Market - Global Coal Exports Continue Falling, Australia Dominates the Market
    Nov 8, 2016
    Eye 2255

    The global coal trade amounted to X million USD in 2015, fluctuating mildly over the period under review, with a consistent downward trend in the last four years. A slight drop in 2009 was followed by brief recovery over the next two years, until

    The Largest Import Markets for Coal
    Nov 7, 2023
    Eye 277

    Explore the top import markets for high-quality coal other than lignite with key statistics and data from the IndexBox market intelligence platform.

    Coal Price in Turkey Jumps to $200 per Ton
    Mar 23, 2023
    Eye 867

    In December 2022, the coal price stood at $200 per ton (CIF, Turkey), picking up by 5.7% against the previous month. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 44% month-to-month. From January 2022 to December 2022, the rate of growth in terms of prices for coal other than lingite amounted to +1.4% per month. In value terms, coal imports fell to $587M (IndexBox estimates) in December 2022. In December 2022, Russia constituted the largest supplier of coal to Turkey.

    Top Coal Importers
    Oct 18, 2023
    Eye 335

    This article provides a list of the top importers of coal in 2022, including Japan, India, China, South Korea, Germany, Turkey, Malaysia, Netherlands, Philippines, and Brazil. These countries heavily rely on coal as a source of energy for electricity generation and industrial processes. However, as the world moves towards cleaner energy sources, the future of coal imports is uncertain.

    Alternative Energy Regulation and the Covid-19 Pandemic Restrict Global Coal Market Growth
    Apr 2, 2021
    Eye 1002

    In 2020, the decline in the global coal market gathered momentum, against the Covid-19 pandemic. The low cost of natural gas, combined with the development of alternative energy sources and stricter environmental regulations, are pushing the coal energy sector into stagnation. In the medium term, only the metallurgical industry is set to see a stable demand for coal. 

    Coal Market - Global Coal Exports Continue Falling, Australia Dominates the Market
    Nov 8, 2016
    Eye 2255

    The global coal trade amounted to X million USD in 2015, fluctuating mildly over the period under review, with a consistent downward trend in the last four years. A slight drop in 2009 was followed by brief recovery over the next two years, until

    The Largest Import Markets for Coal
    Nov 7, 2023
    Eye 277

    Explore the top import markets for high-quality coal other than lignite with key statistics and data from the IndexBox market intelligence platform.

    Free Data: Coal - Turkey