The import of not agglomerated lignite to the US in 2023 stood at approximately 63.889 million kilograms. The forecast from 2024 to 2028 shows a consistent decline, from 62.184 million kilograms in 2024 to 55.627 million kilograms in 2028. This indicates a clear downward trend with the year-on-year reduction averaging around 2.5% annually over the last two years and a Compound Annual Growth Rate (CAGR) of approximately -2.7% over the five-year forecast period.
Future trends to watch:
- Increasing regulatory pressures and environmental concerns that may further reduce lignite consumption.
- Emerging technologies in renewable energy sources potentially accelerating the decline in lignite demand.
- Global market dynamics, including supply chain disruptions that could impact import volumes.