Price for Bituminous or Oil Shale and Tar Sands in Pakistan - 2022
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in Pakistan (CIF) - 2022
- Price for Bituminous or Oil Shale and Tar Sands in Pakistan (FOB) - 2022
- Imports of Bituminous or Oil Shale and Tar Sands in Pakistan
- Exports of Bituminous or Oil Shale and Tar Sands in Pakistan
Price for Bituminous or Oil Shale and Tar Sands in Pakistan (CIF) - 2022
The average import price for bituminous or oil shale and tar sandses stood at $2,854 per ton in 2022, growing by 76% against the previous year. In general, the import price recorded significant growth. The most prominent rate of growth was recorded in 2021 an increase of 240%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +23.8% per year.
Price for Bituminous or Oil Shale and Tar Sands in Pakistan (FOB) - 2022
In 2022, the average export price for bituminous or oil shale and tar sandses amounted to $302 per ton, almost unchanged from the previous year. In general, the export price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2013 an increase of 18% against the previous year. As a result, the export price reached the peak level of $485 per ton. From 2014 to 2022, the average 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 Afghanistan.
From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to -3.0% per year.
Imports of Bituminous or Oil Shale and Tar Sands in Pakistan
After three years of growth, supplies from abroad of bituminous or oil shale and tar sandses decreased by -42.8% to 9 tons in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 248%. As a result, imports attained the peak of 16 tons, and then fell remarkably in the following year.
In value terms, imports of bituminous or oil shale and tar sandses stood at $26K in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,081%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Bituminous or Oil Shale and Tar Sands in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.6 | 2.2 | 1.6 | 25.8 | 250.3% |
| United States | N/A | N/A | 1.4 | N/A | 0% |
| Others | N/A | N/A | 22.7 | N/A | 0% |
| Total | 0.6 | 2.2 | 25.7 | 25.8 | 250.3% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to Pakistan in 2022:
- Singapore (9.0 tons)
Exports of Bituminous or Oil Shale and Tar Sands in Pakistan
In 2022, the amount of bituminous or oil shale and tar sandses exported from Pakistan skyrocketed to 45 tons, jumping by 32% against the previous year. Over the period under review, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 47%.
In value terms, exports of bituminous or oil shale and tar sandses soared to $14K in 2022. Overall, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 51%.
| Export of Bituminous or Oil Shale and Tar Sands in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 34.0 | 6.7 | 9.3 | 13.7 | -26.1% |
| Others | N/A | N/A | 0.9 | N/A | 0% |
| Total | 34.0 | 6.7 | 10.2 | 13.7 | -26.1% |
Top Export Markets for Bituminous or Oil Shale and Tar Sands from Pakistan in 2022:
- Afghanistan (45.2 tons)
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This report provides an in-depth analysis of the market for natural bitumen and asphalt in Pakistan.
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