Western Africa: Market for Coal Other than Lignite 2024

Market Size for Coal Other than Lignite in Western Africa

In 2022, the West African coal other than lignite market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a prominent expansion 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 Western Africa

In value terms, coal other than lignite production totaled $X in 2022 estimated in export price. Overall, production faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Coal Other than Lignite

Exports in Western Africa

Coal other than lignite exports soared to X tons in 2022, rising by X% against 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, coal other than lignite exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Nigeria (X tons) represented roughly X% of total exports in 2022.

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 Western Africa.

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

The export price in Western Africa stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat 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 Western Africa

In 2022, approx. X tons of coal other than lignites were imported in Western Africa; jumping by X% compared with 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, coal other than lignite imports soared to $X in 2022. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Senegal (X tons) was the major importer of coal other than lignites, comprising X% of total imports. It was distantly followed by Togo (X tons), Nigeria (X tons) and Benin (X tons), together making up a X% share of total imports. The following importers - Mali (X tons), Ghana (X tons) and Niger (X tons) - together made up X% 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 Western Africa, with a CAGR of X% from 2012-2022. Mali experienced a relatively flat trend pattern. Nigeria (X p.p.), Benin (X p.p.), Senegal (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total imports, while Togo and Mali saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Senegal, coal other than lignite imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a pronounced increase 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 pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: 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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