South Africa Coal Price Monthly and Annualy
South Africa's Coal Price in International Commodity Markets in October 2023 is about 99.49 dollars per metric tonne estimated by World Bank. In the Previous Month, September 2023 South Africa's coal worth was 99.85 dollars per metric tonne. Last year in October 2022 the price was 191.22 dollars.
South Africa Coal Price in Last 12 Months World Bank
Source: World-bank
Last Updated: 06 Dec 2023
| 13 | October 2022 | $ 191.22 | - | - |
| 12 | November 2022 | $ 169.10 | $ -22.12 | -13.08 % |
| 11 | December 2022 | $ 215.00 | $ 45.90 | 21.35 % |
| 10 | January 2023 | $ 172.00 | $ -43.00 | -25.00 % |
| 9 | February 2023 | $ 144.67 | $ -27.33 | -18.89 % |
| 8 | March 2023 | $ 136.84 | $ -7.83 | -5.72 % |
| 7 | April 2023 | $ 133.75 | $ -3.09 | -2.31 % |
| 6 | May 2023 | $ 103.00 | $ -30.75 | -29.85 % |
| 5 | June 2023 | $ 98.58 | $ -4.42 | -4.48 % |
| 4 | July 2023 | $ 96.75 | $ -1.83 | -1.89 % |
| 3 | August 2023 | $ 97.60 | $ 0.85 | 0.87 % |
| 2 | September 2023 | $ 99.85 | $ 2.25 | 2.25 % |
| 1 | October 2023 | $ 99.49 | $ -0.36 | -0.36 % |
South Africa Coal Price Annual World Bank
The estimated South Africa coal price in 2022 was $240.56 per metric tonne. This figure signifies the valuation of coal in the country's energy market, highlighting its importance as a natural resource. With its abundant coal reserves and active coal mining industry, South Africa plays a significant role in the global coal trade, supplying energy to various nations and contributing to economic development.
In the previous year, 2021, the South African coal price stood at $119.84 per metric tonne. This figure reflects the pricing dynamics of coal in the country and its impact on the energy sector. The price of coal serves as a crucial indicator of market conditions and the industry's performance.
The net change in the South Africa coal price during 2022 amounted to $120.72, representing a profit of approximately 50.18%. This significant increase underscores the strong demand and value of coal as a natural resource in the country's energy market. The substantial profit margin highlights the lucrative nature of the coal industry in South Africa and emphasizes its economic significance as a contributor to the nation's prosperity.
Source: World-bank
| 1960 | $ - | - | - |
| 1961 | $ - | - | - |
| 1962 | $ - | - | - |
| 1963 | $ - | - | - |
| 1964 | $ - | - | - |
| 1965 | $ - | - | - |
| 1966 | $ - | - | - |
| 1967 | $ - | - | - |
| 1968 | $ - | - | - |
| 1969 | $ - | - | - |
| 1970 | $ - | - | - |
| 1971 | $ - | - | - |
| 1972 | $ - | - | - |
| 1973 | $ - | - | - |
| 1974 | $ - | - | - |
| 1975 | $ - | - | - |
| 1976 | $ - | - | - |
| 1977 | $ - | - | - |
| 1978 | $ - | - | - |
| 1979 | $ - | - | - |
| 1980 | $ - | - | - |
| 1981 | $ - | - | - |
| 1982 | $ - | - | - |
| 1983 | $ - | - | - |
| 1984 | $ 32.87 | - | - |
| 1985 | $ 34.92 | $ 2.05 | 5.87 % |
| 1986 | $ 30.37 | $ -4.55 | -14.98 % |
| 1987 | $ 26.50 | $ -3.87 | -14.60 % |
| 1988 | $ 28.10 | $ 1.60 | 5.69 % |
| 1989 | $ 31.00 | $ 2.90 | 9.35 % |
| 1990 | $ 32.88 | $ 1.88 | 5.72 % |
| 1991 | $ 31.50 | $ -1.38 | -4.38 % |
| 1992 | $ 28.83 | $ -2.67 | -9.26 % |
| 1993 | $ 26.96 | $ -1.87 | -6.94 % |
| 1994 | $ 28.56 | $ 1.60 | 5.60 % |
| 1995 | $ 35.23 | $ 6.67 | 18.93 % |
| 1996 | $ 33.52 | $ -1.71 | -5.10 % |
| 1997 | $ 31.35 | $ -2.17 | -6.92 % |
| 1998 | $ 26.84 | $ -4.51 | -16.80 % |
| 1999 | $ 24.27 | $ -2.57 | -10.59 % |
| 2000 | $ 26.57 | $ 2.30 | 8.66 % |
| 2001 | $ 33.86 | $ 7.29 | 21.53 % |
| 2002 | $ 26.02 | $ -7.84 | -30.13 % |
| 2003 | $ 30.24 | $ 4.22 | 13.96 % |
| 2004 | $ 54.68 | $ 24.44 | 44.70 % |
| 2005 | $ 46.20 | $ -8.48 | -18.35 % |
| 2006 | $ 50.69 | $ 4.49 | 8.86 % |
| 2007 | $ 62.65 | $ 11.96 | 19.09 % |
| 2008 | $ 120.60 | $ 57.95 | 48.05 % |
| 2009 | $ 64.68 | $ -55.92 | -86.46 % |
| 2010 | $ 91.62 | $ 26.94 | 29.40 % |
| 2011 | $ 116.30 | $ 24.68 | 21.22 % |
| 2012 | $ 92.92 | $ -23.38 | -25.16 % |
| 2013 | $ 80.24 | $ -12.68 | -15.80 % |
| 2014 | $ 72.34 | $ -7.90 | -10.92 % |
| 2015 | $ 56.71 | $ -15.63 | -27.56 % |
| 2016 | $ 63.95 | $ 7.24 | 11.32 % |
| 2017 | $ 85.15 | $ 21.20 | 24.90 % |
| 2018 | $ 97.64 | $ 12.49 | 12.79 % |
| 2019 | $ 71.94 | $ -25.70 | -35.72 % |
| 2020 | $ 65.66 | $ -6.28 | -9.56 % |
| 2021 | $ 119.84 | $ 54.18 | 45.21 % |
| 2022 | $ 240.56 | $ 120.72 | 50.18 % |
Introduction
In recent years, the South African coal price has attracted significant attention in both domestic and international markets. As a key player in the global coal industry, South Africa's coal reserves and production levels play a crucial role in shaping the commodity's price dynamics. In this article, we will delve into the various factors influencing the South African coal price and examine the key drivers behind its fluctuations. From supply and demand dynamics to regulatory factors, we will provide a comprehensive overview of the market.
1. Historical Overview of South Africa's Coal Industry
To understand the current coal price in South Africa, it is essential to examine the historical context. South Africa has been blessed with abundant coal reserves, making it one of the largest coal producers in the world. The coal industry has played a pivotal role in the country's economic development, serving as a vital energy source for power generation and industrial activities.
2. Supply and Demand Factors
Supply and demand dynamics exert a significant influence on the South African coal price. The demand for coal is primarily driven by electricity generation, industrial processes, and the steelmaking industry. Factors such as population growth, urbanization, and industrial expansion contribute to the increasing demand for coal. On the supply side, factors like mining production levels, infrastructure, and transportation capacity play a crucial role.
3. International Market Trends
The South African coal price is also influenced by global market trends. As an internationally traded commodity, coal prices are subject to the dynamics of the global market. Factors like economic growth, energy policies, environmental regulations, and geopolitical events impact the demand and supply balance, consequently affecting the price.
4. Infrastructure and Transportation
Efficient infrastructure and transportation networks are vital for the smooth operation of the coal industry. The availability of well-developed railways, ports, and logistics systems significantly impacts the cost of coal transportation. Investment in infrastructure development and maintenance plays a crucial role in determining the overall cost structure and competitiveness of South African coal.
5. Regulatory Environment
Government policies and regulations have a direct impact on the South African coal price. Environmental regulations, carbon emissions targets, and efforts to promote renewable energy sources can influence the demand for coal. Additionally, mining regulations, licensing procedures, and labor laws impact the cost of coal production, which subsequently affects the price.
6. Exchange Rates and Currency Fluctuations
Exchange rates and currency fluctuations can impact the South African coal price. As coal is traded in international markets, changes in currency values can affect the competitiveness of South African coal exporters. A stronger local currency may make exports more expensive, while a weaker currency can enhance competitiveness.
7. Global Climate Change Initiatives
Growing concerns about climate change and the transition to cleaner energy sources have a bearing on the coal industry and its price. The implementation of global climate change initiatives and the shift towards renewable energy alternatives can lead to a decrease in coal consumption, which may put downward pressure on coal prices.
8. Technological Advances and Efficiency Improvements
Technological advancements in coal mining and processing can impact the cost structure and productivity of the industry. Innovations in extraction methods, mining equipment, and cleaner coal technologies can enhance operational efficiency and reduce costs. These advancements can indirectly influence the South African coal price by affecting production levels and overall industry competitiveness.
9. Environmental Considerations
Environmental concerns surrounding coal mining, such as water pollution, land degradation, and greenhouse gas emissions, can lead to stricter regulations and increased compliance costs. Higher compliance costs can impact the overall cost structure and profitability of coal mining operations, potentially influencing the South African coal price.
Conclusion
The South African coal price is influenced by a multitude of factors, including supply and demand dynamics, international market trends, infrastructure, regulations, exchange rates, climate change initiatives, technological advancements, and environmental considerations. Understanding these factors and their interplay is crucial for stakeholders in the coal industry, including investors, producers, and consumers. By keeping a close eye on these variables, market participants can make informed decisions and adapt to the evolving dynamics of the South African coal market.
In conclusion, the South African coal price is a complex subject affected by various internal and external factors. By closely monitoring market trends, regulatory developments, and technological advancements, stakeholders can navigate the dynamic landscape of the coal industry and make strategic choices to optimize their positions.