Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines - 2023
Contents:
- Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines (CIF) - 2023
- Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines (FOB) - 2022
- Imports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines
- Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines
Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines (CIF) - 2023
In November 2023, the average import price for coal; bituminous, whether or not pulverised, but not agglomerateds amounted to $134 per ton, jumping by 25% against the previous month. In general, the import price, however, showed a deep slump. The import price peaked at $312 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From November 2022 to November 2023, the rate of growth in terms of prices for Indonesia amounted to -6.3% per month.
Price for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines (FOB) - 2022
In 2022, the average export price for coal; bituminous, whether or not pulverised, but not agglomerateds amounted to $72 per ton, picking up by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2021 an increase of 47% against the previous year. The export price peaked at $73 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($168 per ton), while the average price for exports to Taiwan (Chinese) ($53 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 China (+8.7%), 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 Philippines
After two years of decline, overseas purchases of coal; bituminous, whether or not pulverised, but not agglomerateds increased by 95% to 7.9M tons in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed to $782M in 2022. In general, imports posted a significant increase. As a result, imports attained 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 Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 422 | 270 | 353 | 756 | 21.5% |
| Russia | 10.0 | 11.4 | 10.0 | 16.4 | 17.9% |
| Australia | 12.9 | 18.8 | 25.0 | 9.5 | -9.7% |
| Others | 0.1 | 0.7 | 9.9 | N/A | 895.0% |
| Total | 445 | 301 | 398 | 782 | 20.7% |
Top Suppliers of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated to the Philippines in 2022:
- Indonesia (7.8M tons)
- Russia (0.1M tons)
Exports of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines
In 2022, exports of coal; bituminous, whether or not pulverised, but not agglomerateds from the Philippines rose modestly to 395K tons, picking up by 3.9% on 2021 figures. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 576% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of coal; bituminous, whether or not pulverised, but not agglomerateds expanded remarkably to $28M in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 890%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2.1 | 1.1 | 23.0 | 24.7 | 127.4% |
| Taiwan (Chinese) | 2.7 | 1.6 | 3.7 | 3.7 | 11.1% |
| Thailand | 2.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.5 | 2.7 | 26.7 | 28.4 | 55.9% |
Top Export Markets for Coal; Bituminous, Whether or Not Pulverised, But Not Agglomerated from the Philippines in 2022:
- South Korea (325.5K tons)
- Taiwan (Chinese) (69.6K tons)
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