Price for Bituminous or Oil Shale and Tar Sands in South Korea - 2022
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in South Korea (FOB) - 2022
- Price for Bituminous or Oil Shale and Tar Sands in South Korea (CIF) - 2022
- Exports of Bituminous or Oil Shale and Tar Sands in South Korea
- Imports of Bituminous or Oil Shale and Tar Sands in South Korea
Price for Bituminous or Oil Shale and Tar Sands in South Korea (FOB) - 2022
In 2022, the average export price for bituminous or oil shale and tar sandses amounted to $1,690 per ton, shrinking by -54.1% against the previous year. Overall, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 138%. Over the period under review, the average export prices hit record highs at $4,323 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2014 to 2022, the rate of growth in terms of prices for Vietnam amounted to -7.0% per year.
Price for Bituminous or Oil Shale and Tar Sands in South Korea (CIF) - 2022
The average import price for bituminous or oil shale and tar sandses stood at $12,152 per ton in 2022, increasing by 374% against the previous year. Over the period under review, the import price saw a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +28.4% per year.
Exports of Bituminous or Oil Shale and Tar Sands in South Korea
In 2022, exports of bituminous or oil shale and tar sandses from South Korea skyrocketed to 21 tons, with an increase of 609% against the previous year's figure. In general, exports enjoyed a buoyant expansion.
In value terms, exports of bituminous or oil shale and tar sandses surged to $35K in 2022. Over the period under review, exports continue to indicate a strong expansion.
| Export of Bituminous or Oil Shale and Tar Sands in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.2 | 2.6 | 4.4 | 34.7 | 77.5% |
| Senegal | N/A | 3.8 | N/A | N/A | 0% |
| Brunei Darussalam | N/A | 44.5 | N/A | N/A | 0% |
| Samoa | 16.0 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 6.3 | N/A | 296.9% |
| Total | 22.7 | 51.0 | 10.7 | 34.7 | 15.2% |
Top Export Markets for Bituminous or Oil Shale and Tar Sands from South Korea in 2022:
- Vietnam (20.6 tons)
Imports of Bituminous or Oil Shale and Tar Sands in South Korea
In 2022, approx. 33 kg of bituminous or oil shale and tar sandses were imported into South Korea; dropping by -88.7% on the previous year. Over the period under review, imports showed a sharp downturn. The smallest decline of -40.5% was in 2020.
In value terms, imports of bituminous or oil shale and tar sandses contracted sharply to $401 in 2022. In general, imports showed a precipitous shrinkage. The smallest decline of -26.8% was in 2020.
| Import of Bituminous or Oil Shale and Tar Sands in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.0 | 1.0 | 1.0 | 401 | 485.3% |
| United States | 1,401 | 1,025 | 749 | N/A | -26.9% |
| Others | 2.0 | 2.0 | 1.0 | N/A | -29.3% |
| Total | 1,405 | 1,028 | 751 | 401 | -34.2% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to South Korea in 2022:
- Canada (33.0 kg)
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