ECOWAS: Market for Coal Other than Lignite 2024

Market Size for Coal Other than Lignite in ECOWAS

In 2022, the ECOWAS coal other than lignite market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated resilient growth 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.

Production of Coal Other than Lignite in ECOWAS

In value terms, coal other than lignite production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Coal Other than Lignite

Exports in ECOWAS

In 2022, approx. X tons of coal other than lignites were exported in ECOWAS; jumping by X% on 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, coal other than lignite exports surged to $X in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Nigeria (X tons), together recording X% of total export.

Nigeria was also the fastest-growing in terms of the coal other than lignites exports, with a CAGR of X% from 2012 to 2022. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest coal other than lignite supplier in ECOWAS.

In Nigeria, coal other than lignite exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Imports of Coal Other than Lignite

Imports in ECOWAS

In 2022, the amount of coal other than lignites imported in ECOWAS soared to X tons, jumping by X% on the previous year's figure. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, coal other than lignite imports surged to $X in 2022. Over the period under review, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Senegal was the largest importer of coal other than lignites in ECOWAS, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Togo (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%) and Benin (X%). Mali (X tons), Ghana (X tons) and Niger (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to coal other than lignite imports into Senegal stood at X%. At the same time, Benin (X%), Niger (X%), Nigeria (X%), Ghana (X%) and Togo (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Mali experienced a relatively flat trend pattern. From 2012 to 2022, the share of Nigeria, Benin, Senegal and Niger increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported coal other than lignites in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Togo ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Togo (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a moderate 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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