Latin America and the Caribbean: Lignite Market 2024

Lignite Market Size in Latin America and the Caribbean

The Latin American lignite market reached $X in 2022, almost unchanged from the previous year. Overall, consumption, however, continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Lignite Production in Latin America and the Caribbean

In value terms, lignite production soared to $X in 2022 estimated in export price. In general, production saw a significant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lignite Exports

Exports in Latin America and the Caribbean

In 2022, lignite exports in Latin America and the Caribbean contracted sharply to X tons, waning by X% against 2021. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, lignite exports surged to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia was the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Brazil (X tons) and the Dominican Republic (X tons), together achieving a X% share of total exports. Guatemala (X tons) and Chile (X tons) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the lignites exports, with a CAGR of X% from 2012 to 2022. The Dominican Republic experienced a relatively flat trend pattern. Chile (X%), Brazil (X%) and Guatemala (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.), Brazil (X p.p.), the Dominican Republic (X p.p.), Guatemala (X p.p.) and Chile (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest lignite supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with an X% share of total exports. It was followed by Colombia, with a X% share.

In Brazil, lignite exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Guatemala (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Lignite Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of lignites decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, lignite imports reached $X in 2022. Over the period under review, imports saw a slight decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of lignite imports in 2022 were Brazil (X tons), Colombia (X tons), Mexico (X tons) and Honduras (X tons), together amounting to X% of total import. It was distantly followed by Ecuador (X tons), mixing up a X% share of total imports. Chile (X tons) and Argentina (X tons) held a relatively small share of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported lignites in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, lignite imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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