Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK - 2023
Contents:
- Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK (CIF) - 2023
- Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK (FOB) - 2022
- Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK
- Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK
Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK (CIF) - 2023
In November 2023, the average import price for coal; bituminous, whether or not pulverised, but not agglomerateds amounted to $197 per ton, surging by 13% against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in March 2023 when the average import price increased by 58% month-to-month. As a result, import price attained the peak level of $335 per ton. From April 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Ireland ($388 per ton), while the price for Australia ($142 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Russia (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK (FOB) - 2022
The average export price for coal; bituminous, whether or not pulverised, but not agglomerateds stood at $178 per ton in 2022, growing by 25% against the previous year. Overall, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 49%. Over the period under review, the average export prices reached the peak figure at $226 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($291 per ton), while the average price for exports to Norway ($112 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 Russia (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK
In 2022, imports of coal; bituminous, whether or not pulverised, but not agglomerateds into the UK surged to 9.6M tons, growing by 123% compared with the year before. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of coal; bituminous, whether or not pulverised, but not agglomerateds surged to $1.8B in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 209 | 118 | 207 | 730 | 51.7% |
Australia | 135 | 60.4 | 73.0 | 274 | 26.6% |
Russia | 207 | 101 | 191 | 253 | 6.9% |
South Africa | 14.6 | N/A | 3.7 | 186 | 133.6% |
Colombia | 8.9 | 2.3 | 19.5 | 137 | 148.8% |
Kazakhstan | 3.7 | 1.7 | 7.6 | 35.5 | 112.5% |
Sweden | N/A | N/A | N/A | 21.4 | 0% |
Others | 72.0 | 59.6 | 109 | 134 | 23.0% |
Total | 650 | 343 | 611 | 1,771 | 39.7% |
Top Suppliers of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated to the UK in 2022:
- South Africa (2.5M tons)
- United States (2.3M tons)
- Australia (1.7M tons)
- Russia (1.1M tons)
- Colombia (1.0M tons)
- Kazakhstan (0.4M tons)
- Sweden (0.2M tons)
Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK
In 2022, shipments abroad of coal; bituminous, whether or not pulverised, but not agglomerateds decreased by -4.8% to 880K tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 106% against the previous year. As a result, the exports reached the peak of 1.5M tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of coal; bituminous, whether or not pulverised, but not agglomerateds soared to $157M in 2022. The total export value increased at an average annual rate of +13.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
Export of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 5.9 | 12.6 | 11.1 | 52.5 | 107.2% |
Iceland | 0.3 | 4.7 | 5.4 | 28.6 | 356.8% |
Saudi Arabia | 11.9 | 5.1 | 16.5 | 10.1 | -5.3% |
Netherlands | 3.0 | 1.0 | 4.6 | 4.9 | 17.8% |
Russia | 1.5 | 0.5 | N/A | 3.4 | 31.4% |
Ireland | 39.3 | 40.1 | 49.4 | 2.6 | -59.6% |
Togo | N/A | 3.5 | N/A | N/A | 0% |
Malta | 2.5 | 9.5 | N/A | N/A | 280.0% |
Egypt | 3.7 | 6.7 | 4.4 | N/A | 9.0% |
Others | 38.0 | 58.5 | 39.9 | 54.4 | 12.7% |
Total | 106 | 142 | 131 | 157 | 14.0% |
Top Export Markets for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated from the UK in 2022:
- Norway (469.4K tons)
- Iceland (134.7K tons)
- Saudi Arabia (47.1K tons)
- Netherlands (17.4K tons)
- Russia (11.7K tons)
- Ireland (11.2K tons)
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