Source: Banchero Costa According to Banchero Costa, “shipments from Colombia increased by +20.6% y-o-y to 15.4 mln t in JanMar 2024, from Canada down by -1.
5% y-o-y to 11.6 mln t, and from Mozambique by -9.7% t-o-y to 4.
4 mln t. Seaborne coal imports into Mainland China increased by +16.6% y-o-y to 94.
0 mln t in Jan-Mar 2024, to India increased by +20.4% y-o-y to 60.0 mln t, to Japan declined by -11.
6% yo-y to 38.9 mln t in Jan-Mar 2024, to South Korea -2.2% y-o-y to 29.
7 mln t, to the EU down -49.0% y-o-y to 15.3 mln tonnes.
Colombia is the world’s sixth largest seaborne exporter of coal, and the second largest in the Americas after the USA. Export volumes from this South American country have steadily declined in the last decade, as it was being penalized by decreasing coal demand in the Atlantic basin, and by its distance from the more resilient Asian markets. This however turned around somewhat in the past two years as Europe was forced to diversify away from Russian supplies”.
The shipbroker added that “total seaborne coal exports from Colombia in the 12 months of 2023 reached 56.4 mln tonnes, +1.9% y-oy, according to AXS Marine vessel tracking data.
This followed a +0.6% y-o-y increase in 2022, at 55.3 mln t, and a +7.
5% yo-y increase in 2021, at 55.0 mln t. In the first 3 months of 2024, Colombia exported 15.
4 mln tonnes of coal, which was a +20.6% y-o-y increase from the 12.8 mln t in the same 8 month period of 2022.
The vast majority of Colombian coal exports.
