Venezuela: Market for Coal Other than Lignite 2024

Market Size for Coal Other than Lignite in Venezuela

The Venezuelan coal other than lignite market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, enjoyed a buoyant increase. Coal other than lignite consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Coal Other than Lignite in Venezuela

In value terms, coal other than lignite production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Coal other than lignite production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Coal Other than Lignite

Exports from Venezuela

In 2022, exports of coal other than lignites from Venezuela soared to X tons, jumping by X% compared with 2021 figures. Over the period under review, exports, however, faced a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coal other than lignite exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), the Dominican Republic (X tons) and the UK (X tons) were the main destinations of coal other than lignite exports from Venezuela, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for coal other than lignite exported from Venezuela were Poland ($X), the Dominican Republic ($X) and the UK ($X), together comprising X% of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average coal other than lignite export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a tangible expansion 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 other than lignite export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Colombia ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coal Other than Lignite

Imports into Venezuela

In 2022, after two years of decline, there was significant growth in supplies from abroad of coal other than lignites, when their volume increased by X% to X tons. In general, imports, however, showed a sharp slump. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coal other than lignite imports surged to $X in 2022. Overall, imports, however, continue to indicate a sharp curtailment. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Colombia (X tons) constituted the largest supplier of coal other than lignite to Venezuela, with a X% share of total imports. Moreover, coal other than lignite imports from Colombia exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia stood at X%.

In value terms, Colombia ($X) constituted the largest supplier of coal other than lignites to Venezuela, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Colombia stood at X%.

Import Prices by Country

The average coal other than lignite import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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