Price for Bituminous or Oil Shale and Tar Sands in Australia - 2023
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in Australia (FOB) - 2022
- Price for Bituminous or Oil Shale and Tar Sands in Australia (CIF) - 2022
- Exports of Bituminous or Oil Shale and Tar Sands in Australia
- Imports of Bituminous or Oil Shale and Tar Sands in Australia
Price for Bituminous or Oil Shale and Tar Sands in Australia (FOB) - 2022
The average export price for bituminous or oil shale and tar sandses stood at $571 per ton in 2022, waning by -4.7% against the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 126%. Over the period under review, the average export prices reached the peak figure at $2,706 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($8,864 per ton), while the average price for exports to the United States ($49 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 Thailand (+102.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Bituminous or Oil Shale and Tar Sands in Australia (CIF) - 2022
The average import price for bituminous or oil shale and tar sandses stood at $2,770 per ton in 2022, leveling off at the previous year. Overall, the import price, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when the average import price increased by 105%. Over the period under review, average import prices hit record highs at $2,770 per ton in 2021, and then contracted slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,328 per ton), while the price for Thailand amounted to $629 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+132.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Bituminous or Oil Shale and Tar Sands in Australia
In 2022, overseas shipments of bituminous or oil shale and tar sandses increased by 125% to 575 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of bituminous or oil shale and tar sandses soared to $328K in 2022. Over the period under review, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Bituminous or Oil Shale and Tar Sands in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Samoa | 214 | 134 | 90.6 | 182 | -5.3% |
| New Zealand | 43.0 | 47.2 | 58.2 | 113 | 38.0% |
| United States | 1.3 | 0.8 | 0.5 | 0.7 | -18.6% |
| Others | 7.4 | 27.5 | 3.8 | 32.1 | 63.1% |
| Total | 265 | 209 | 153 | 328 | 7.4% |
Top Export Markets for Bituminous or Oil Shale and Tar Sands from Australia in 2022:
- Samoa (435.8 tons)
- New Zealand (117.1 tons)
- United States (13.8 tons)
Imports of Bituminous or Oil Shale and Tar Sands in Australia
For the fourth year in a row, Australia recorded growth in overseas purchases of bituminous or oil shale and tar sandses, which increased by 0.5% to 36 tons in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 230% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of bituminous or oil shale and tar sandses stood at $101K in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 576% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Bituminous or Oil Shale and Tar Sands in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 44.6 | 95.3 | 96.3 | 149.5% |
| Thailand | 1.0 | 5.3 | 5.1 | 4.7 | 67.5% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 7.4 | 49.9 | 101 | 101 | 139.0% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to Australia in 2022:
- United States (28.9 tons)
- Thailand (7.5 tons)
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