Price for Lignite; Agglomerated, Excluding Jet in Vietnam - 2022
Contents:
- Price for Lignite; Agglomerated, Excluding Jet in Vietnam (CIF) - 2022
- Imports of Lignite; Agglomerated, Excluding Jet in Vietnam
Price for Lignite; Agglomerated, Excluding Jet in Vietnam (CIF) - 2022
The average lignite; agglomerated, excluding jet import price stood at $711 per ton in 2022, falling by -14.3% against the previous year. In general, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 131% against the previous year. The import price peaked at $2,181 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2013 to 2022, the rate of growth in terms of prices for India amounted to +56.8% per year.
Imports of Lignite; Agglomerated, Excluding Jet in Vietnam
In 2022, after two years of decline, there was significant growth in supplies from abroad of lignite; agglomerated, excluding jets, when their volume increased by 128% to 11 tons. Overall, imports, however, showed a abrupt curtailment.
In value terms, lignite; agglomerated, excluding jet imports skyrocketed to $8.1K in 2022. Over the period under review, imports, however, faced a sharp decline.
| Import of Lignite; Agglomerated, Excluding Jet in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 20.5 | 12.0 | 4.1 | 8.1 | -26.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 20.5 | 12.0 | 4.1 | 8.1 | -26.6% |
Top Suppliers of Lignite; Agglomerated, Excluding Jet to Vietnam in 2022:
- South Korea (11.3 tons)
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This report provides an in-depth analysis of the lignite market in Vietnam.
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This report provides an in-depth analysis of the global lignite market.
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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.
