Price for Lignite; Agglomerated, Excluding Jet in Latvia - 2023
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Latvia (CIF) - 2022
- Price for Lignite; Agglomerated, Excluding Jet in Latvia (FOB) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Latvia
- Exports of Lignite; Agglomerated, Excluding Jet in Latvia
Price for Lignite; Agglomerated, Excluding Jet in Latvia (CIF) - 2022
In 2022, the average lignite; agglomerated, excluding jet import price amounted to $201 per ton, remaining constant against the previous year. Overall, the import price posted resilient growth. The pace of growth was the most pronounced in 2014 an increase of 575% against the previous year. The import price peaked at $7,548 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2013 to 2022, the rate of growth in terms of prices for Germany amounted to -41.6% per year.
Price for Lignite; Agglomerated, Excluding Jet in Latvia (FOB) - 2022
In 2022, the average lignite; agglomerated, excluding jet export price amounted to $209 per ton, leveling off at the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average export price decreased by -0.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $316 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2018 to 2022, the rate of growth in terms of prices for Lithuania amounted to 0.0% per year.
Imports of Lignite; Agglomerated, Excluding Jet in Latvia
In 2022, the amount of lignite; agglomerated, excluding jets imported into Latvia totaled 23 tons, flattening at the year before. Over the period under review, imports showed a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, lignite; agglomerated, excluding jet imports totaled $4.7K in 2022. Overall, imports faced a dramatic slump. The smallest decline of 99.9% was in 2021.
| Import of Lignite; Agglomerated, Excluding Jet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Germany | N/A | N/A | 4.7 | 0% | |
| Netherlands | 5.4 | N/A | N/A | 0% | |
| Others | 3.9 | N/A | N/A | 0% | |
| Total | 9.3 | N/A | 4.7 | -28.9% | |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Latvia in 2022:
- Germany (23.4 tons)
Exports of Lignite; Agglomerated, Excluding Jet in Latvia
In 2022, after two years of decline, there was decline in shipments abroad of lignite; agglomerated, excluding jets, when their volume decreased by 0% to 12 tons. Overall, exports showed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, lignite; agglomerated, excluding jet exports stood at $2.4K in 2022. Over the period under review, exports saw a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Lignite; Agglomerated, Excluding Jet in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | N/A | 2.4 | 0% |
| Lithuania | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | N/A | N/A | 2.4 | 68.7% |
Top Export Markets for Lignite; Agglomerated, Excluding Jet from Latvia in 2022:
- Estonia (11.7 tons)
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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.
