Price for Lignite; Agglomerated, Excluding Jet in Bulgaria - 2023
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Bulgaria (CIF) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Bulgaria
Price for Lignite; Agglomerated, Excluding Jet in Bulgaria (CIF) - 2022
In 2022, the average lignite; agglomerated, excluding jet import price amounted to $93 per ton, waning by -7.2% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 638% against the previous year. As a result, import price reached the peak level of $1,718 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2013 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.2% per year.
Imports of Lignite; Agglomerated, Excluding Jet in Bulgaria
In 2022, the amount of lignite; agglomerated, excluding jets imported into Bulgaria fell significantly to 123 tons, which is down by -25.1% on the previous year's figure. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 730%. As a result, imports attained the peak of 164 tons, and then reduced dramatically in the following year.
In value terms, lignite; agglomerated, excluding jet imports dropped notably to $11K in 2022. Over the period under review, imports, however, showed mild growth. The pace of growth appeared the most rapid in 2021 with an increase of 249% against the previous year. As a result, imports reached the peak of $16K, and then shrank dramatically in the following year.
| Import of Lignite; Agglomerated, Excluding Jet in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 11.9 | 11.4 | -4.2% |
| Czech Republic | 6.6 | N/A | N/A | N/A | 0% |
| Germany | 4.2 | 4.7 | 4.5 | N/A | 3.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.9 | 4.7 | 16.4 | 11.4 | 1.5% |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Bulgaria in 2022:
- Turkey (123.2 tons)
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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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Lignite, also known as brown coal, is a low-grade coal that is predominantly used as a source of energy. With its high moisture content and low energy density, lignite is primarily utilized in power generation and industrial processes. In recent years, the global demand for lignite has been on the rise due to its cost-effectiveness and widespread availability. As a result, several countries have emerged as key import markets for lignite. China holds the top spot as the world's largest importer of lignite, followed by Serbia, Slovenia, Uzbekistan, and Slovakia. These countries heavily rely on lignite for various purposes such as power generation and industrial processes. The growing demand for lignite in these markets reinforces its position as an important source of energy and strengthens their energy security.
