Price for Bituminous or Oil Shale and Tar Sands in Portugal - 2023

Contents:

  1. Price for Bituminous or Oil Shale and Tar Sands in Portugal (FOB) - 2022
  2. Price for Bituminous or Oil Shale and Tar Sands in Portugal (CIF) - 2022
  3. Exports of Bituminous or Oil Shale and Tar Sands in Portugal
  4. Imports of Bituminous or Oil Shale and Tar Sands in Portugal

Price for Bituminous or Oil Shale and Tar Sands in Portugal (FOB) - 2022

The average export price for bituminous or oil shale and tar sandses stood at $222 per ton in 2022, increasing by 2.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 18%. Over the period under review, the average export prices attained the maximum at $245 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($280 per ton), while the average price for exports to the Netherlands ($141 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 Spain (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Bituminous or Oil Shale and Tar Sands in Portugal (CIF) - 2022

In 2022, the average import price for bituminous or oil shale and tar sandses amounted to $395 per ton, with a decrease of -82.9% against the previous year. Overall, the import price, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 an increase of 3,067%. The import price peaked at $2,309 per ton in 2021, and then declined rapidly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +1.0% per year.

Exports of Bituminous or Oil Shale and Tar Sands in Portugal

For the fourth year in a row, Portugal recorded growth in shipments abroad of bituminous or oil shale and tar sandses, which increased by 27% to 7.3K tons in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2019 indices. 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 $1.6M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Export of Bituminous or Oil Shale and Tar Sands in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France7579471,0111,29919.7%
Germany6.312.226.0116164.1%
Belgium47.764.370.278.418.0%
Spain8.539.730.458.289.9%
Netherlands21.749.446.024.23.7%
Others27.583.650.137.310.7%
Total8691,1971,2341,61422.9%

Top Export Markets for Bituminous or Oil Shale and Tar Sands from Portugal in 2022:

  1. France (6.0K tons)
  2. Germany (0.4K tons)
  3. Belgium (0.3K tons)
  4. Netherlands (0.2K tons)
  5. Spain (0.2K tons)

Imports of Bituminous or Oil Shale and Tar Sands in Portugal

In 2022, approx. 15 tons of bituminous or oil shale and tar sandses were imported into Portugal; rising by 113% on 2021 figures. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of bituminous or oil shale and tar sandses contracted markedly to $5.9K in 2022. Over the period under review, imports showed a significant increase.

Import of Bituminous or Oil Shale and Tar Sands in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1.0N/A2.55.475.4%
GermanyN/AN/A13.80.6-95.7%
OthersN/AN/AN/AN/A0%
Total1.0N/A16.25.980.7%

Top Suppliers of Bituminous or Oil Shale and Tar Sands to Portugal in 2022:

  1. Spain (14.9 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Bituminous or oil shale and tar sands - Portugal