Slovakia: Coal Market 2024

Coal Market Size in Slovakia

In 2022, the Slovak coal market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Coal Production in Slovakia

In value terms, coal production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Coal production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Coal Exports

Exports from Slovakia

Coal exports from Slovakia surged to X tons in 2022, increasing by X% against 2021. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, coal exports skyrocketed to $X in 2022. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Serbia (X tons) was the main destination for coal exports from Slovakia, accounting for a X% share of total exports. Moreover, coal exports to Serbia exceeded the volume sent to the second major destination, the Czech Republic (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Germany (X% per year).

In value terms, Serbia ($X) remains the key foreign market for coal exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average coal export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated modest growth 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 export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coal Imports

Imports into Slovakia

In 2022, overseas purchases of coal increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a tangible increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, coal imports surged to $X in 2022. Over the period under review, imports recorded perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of coal imports to Slovakia, with a combined X% share of total imports. Ukraine, Mozambique, Colombia, Canada and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coal suppliers to Slovakia were the United States ($X), the Czech Republic ($X) and Poland ($X), together comprising X% of total imports. Ukraine, Mozambique, Canada, Russia and Colombia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coal import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a modest 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 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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