Serbia: Lignite Market 2024

Lignite Market Size in Serbia

The Serbian lignite market rose rapidly to $X in 2022, surging by X% against the previous year. Overall, consumption, however, saw a mild decline. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Lignite Production in Serbia

In value terms, lignite production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Lignite Exports

Exports from Serbia

In 2022, overseas shipments of lignites decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lignite exports declined notably to $X in 2022. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for lignite exports from Serbia, with a X% share of total exports. Moreover, lignite exports to North Macedonia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fivefold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to North Macedonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Poland (X% per year).

In value terms, North Macedonia ($X) remains the key foreign market for lignites exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to North Macedonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average lignite export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 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 Hungary ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 a decline.

Lignite Imports

Imports into Serbia

In 2022, overseas purchases of lignites increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lignite imports surged to $X in 2022. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bosnia and Herzegovina (X tons) constituted the largest supplier of lignite to Serbia, accounting for a X% share of total imports. Moreover, lignite imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), twofold. The third position in this ranking was held by Romania (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Bosnia and Herzegovina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Romania (X% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of lignites to Serbia, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bosnia and Herzegovina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average lignite import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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 Indonesia ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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