Price for Bituminous or Oil Shale and Tar Sands in the UK - 2023
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in the UK (FOB) - 2022
- Price for Bituminous or Oil Shale and Tar Sands in the UK (CIF) - 2022
- Exports of Bituminous or Oil Shale and Tar Sands in the UK
- Imports of Bituminous or Oil Shale and Tar Sands in the UK
Price for Bituminous or Oil Shale and Tar Sands in the UK (FOB) - 2022
In 2022, the average export price for bituminous or oil shale and tar sandses amounted to $3,115 per ton, with an increase of 82% against the previous year. Overall, the export price saw a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 160%. Over the period under review, the average export prices reached the maximum at $5,200 per ton in 2017; however, from 2018 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 Malaysia ($4,024 per ton), while the average price for exports to Ireland ($424 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 Malaysia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Bituminous or Oil Shale and Tar Sands in the UK (CIF) - 2022
The average import price for bituminous or oil shale and tar sandses stood at $502 per ton in 2022, reducing by -72.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 214%. The import price peaked at $1,818 per ton in 2021, and then dropped sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($1,085 per ton), while the price for France ($378 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+96.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Bituminous or Oil Shale and Tar Sands in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of bituminous or oil shale and tar sandses, which decreased by -35.7% to 112 tons in 2022. In general, exports continue to indicate a significant contraction.
In value terms, exports of bituminous or oil shale and tar sandses soared to $349K in 2022. Over the period under review, exports recorded a sharp decline.
| Export of Bituminous or Oil Shale and Tar Sands in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 61.6 | 100 | 173 | 277 | 65.1% |
| Malaysia | 42.8 | 67.7 | 94.1 | 58.5 | 11.0% |
| Denmark | N/A | N/A | N/A | 13.3 | 0% |
| Ireland | N/A | N/A | 25.1 | 0.8 | -96.8% |
| China | 462 | N/A | N/A | N/A | 0% |
| Falkland Islands (Malvinas) | 415 | N/A | N/A | N/A | 0% |
| France | 129 | 37.9 | N/A | N/A | -70.6% |
| Others | 231 | 295 | 6.0 | N/A | -83.9% |
| Total | 1,341 | 501 | 298 | 349 | -36.2% |
Top Export Markets for Bituminous or Oil Shale and Tar Sands from the UK in 2022:
- Netherlands (83.1 tons)
- Malaysia (14.6 tons)
- Denmark (12.5 tons)
- Ireland (2.0 tons)
Imports of Bituminous or Oil Shale and Tar Sands in the UK
In 2022, approx. 9.6 tons of bituminous or oil shale and tar sandses were imported into the UK; rising by 412% against the previous year's figure. Overall, imports, however, showed a significant decline.
In value terms, imports of bituminous or oil shale and tar sandses soared to $4.8K in 2022. In general, imports, however, continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 114% against the previous year.
| Import of Bituminous or Oil Shale and Tar Sands in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.5 | N/A | N/A | 2.7 | 75.4% |
| Denmark | N/A | N/A | N/A | 1.8 | 0% |
| Ireland | N/A | N/A | 2.1 | 0.3 | -85.7% |
| Portugal | 1,262 | N/A | N/A | N/A | 0% |
| Netherlands | 1,847 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 1.6 | 1.3 | N/A | 260.6% |
| Total | 3,109 | 1.6 | 3.4 | 4.8 | -88.4% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to the UK in 2022:
- France (7.2 tons)
- Denmark (2.1 tons)
- Ireland (0.2 tons)
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