Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey - 2023
Contents:
- Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey (CIF) - 2023
- Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey (FOB) - 2023
- Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey
- Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey
Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey (CIF) - 2023
The average import price for coal; bituminous, whether or not pulverised, but not agglomerateds stood at $124 per ton in December 2023, falling by -8.9% against the previous month. Over the period under review, the import price showed a perceptible descent. The growth pace was the most rapid in April 2023 an increase of 25% against the previous month. Over the period under review, average import prices reached the maximum at $193 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($267 per ton), while the price for Australia ($85.0 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey (FOB) - 2023
The average export price for coal; bituminous, whether or not pulverised, but not agglomerateds stood at $144 per ton in December 2023, growing by 10% against the previous month. Over the period under review, the export price, however, saw a pronounced contraction. The pace of growth was the most pronounced in August 2023 an increase of 18% month-to-month. The export price peaked at $211 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Georgia ($195 per ton), while the average price for exports to Lebanon ($121 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey
In 2022, the amount of coal; bituminous, whether or not pulverised, but not agglomerateds imported into Turkey surged to 42M tons, rising by 28% against the previous year. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of coal; bituminous, whether or not pulverised, but not agglomerateds surged to $7.9B in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,112 | 1,060 | 1,345 | 3,637 | 48.4% |
| Colombia | 1,292 | 876 | 1,492 | 2,117 | 17.9% |
| Australia | 568 | 101 | 777 | 1,061 | 23.2% |
| United States | 207 | 301 | 151 | 591 | 41.9% |
| Canada | 130 | 132 | 78.8 | 202 | 15.8% |
| Kazakhstan | 0.9 | 42.2 | 92.6 | 173 | 477.1% |
| South Africa | 87.1 | 113 | 24.1 | 76.8 | -4.1% |
| Others | 16.7 | 8.7 | 16.8 | 37.0 | 30.4% |
| Total | 3,414 | 2,633 | 3,978 | 7,894 | 32.2% |
Top Suppliers of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated to Turkey in 2022:
- Russia (18.6M tons)
- Colombia (10.5M tons)
- Australia (7.2M tons)
- United States (3.5M tons)
- Canada (1.4M tons)
- Kazakhstan (0.7M tons)
- South Africa (0.3M tons)
Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey
In 2022, the amount of coal; bituminous, whether or not pulverised, but not agglomerateds exported from Turkey skyrocketed to 1.1M tons, with an increase of 1,987% on the year before. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of coal; bituminous, whether or not pulverised, but not agglomerateds soared to $252M in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | N/A | N/A | 41.7 | 0% |
| Netherlands | N/A | N/A | N/A | 37.0 | 0% |
| Spain | N/A | N/A | N/A | 32.1 | 0% |
| Italy | N/A | N/A | N/A | 28.8 | 0% |
| Romania | N/A | N/A | N/A | 19.8 | 0% |
| Germany | N/A | N/A | N/A | 17.7 | 0% |
| Morocco | N/A | N/A | N/A | 14.8 | 0% |
| Bulgaria | N/A | N/A | 1.1 | 10.7 | 872.7% |
| France | N/A | N/A | N/A | 10.2 | 0% |
| Timor-Leste | N/A | N/A | N/A | 6.9 | 0% |
| Albania | N/A | N/A | N/A | 6.4 | 0% |
| Ukraine | N/A | N/A | N/A | 5.8 | 0% |
| Greece | N/A | N/A | 4.5 | 5.3 | 17.8% |
| Others | 2.0 | 3.1 | 1.9 | 15.2 | 96.6% |
| Total | 2.0 | 3.1 | 7.5 | 252 | 401.3% |
Top Export Markets for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated from Turkey in 2022:
- Spain (164.2K tons)
- Italy (150.5K tons)
- Netherlands (143.6K tons)
- Chile (130.2K tons)
- Romania (76.7K tons)
- Germany (58.5K tons)
- Bulgaria (51.9K tons)
- France (50.1K tons)
- Morocco (41.0K tons)
- Timor-Leste (40.0K tons)
- Ukraine (38.1K tons)
- Albania (31.4K tons)
- Greece (31.3K tons)
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1019
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.
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