Price for Lignite; Agglomerated, Excluding Jet in Myanmar - 2022
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Myanmar (CIF) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Myanmar
Price for Lignite; Agglomerated, Excluding Jet in Myanmar (CIF) - 2022
In 2022, the average lignite; agglomerated, excluding jet import price amounted to $221 per ton, falling by -7.5% against the previous year. In general, the import price continues to indicate a slight decrease. The growth pace was the most rapid in 2018 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $614 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.5% per year.
Imports of Lignite; Agglomerated, Excluding Jet in Myanmar
In 2022, supplies from abroad of lignite; agglomerated, excluding jets decreased by -92.9% to 9.1 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 312% against the previous year. As a result, imports attained the peak of 286 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, lignite; agglomerated, excluding jet imports contracted rapidly to $2K in 2022. Over the period under review, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 when imports increased by 96%. As a result, imports reached the peak of $59K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Lignite; Agglomerated, Excluding Jet in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 30.0 | 20.3 | 30.4 | 2.0 | -59.5% |
| China | N/A | 38.4 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 30.0 | 58.8 | 30.4 | 2.0 | -59.5% |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Myanmar in 2022:
- India (9.1 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.
