MENA: Coal Market 2024

Coal Market Size in MENA

The MENA's coal market surged to $X in 2022, increasing by X% against the previous year. In general, consumption posted a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Coal Production in MENA

In value terms, coal production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Coal Exports

Exports in MENA

In 2022, shipments abroad of coal decreased by X% to X tons, falling for the third consecutive year after eight years of growth. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, coal exports stood at $X in 2022. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Egypt (X tons) and Iran (X tons), together comprising a X% share of total exports. The United Arab Emirates (X tons) held a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the coal exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Egypt (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest coal supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, coal exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Coal Imports

Imports in MENA

Coal imports soared to X tons in 2022, increasing by X% on the year before. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, coal imports surged to $X in 2022. Overall, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the major importer of coal in MENA, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Morocco (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%). The following importers - Egypt (X tons) and the United Arab Emirates (X tons) - together made up X% of total imports.

Turkey was also the fastest-growing in terms of the coal imports, with a CAGR of X% from 2012 to 2022. At the same time, Egypt (X%) and Morocco (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Israel saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported coal in MENA, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coal import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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