Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola - 2022
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola (CIF) - 2022
In 2022, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,408 per ton, with an increase of 12% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 79%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($2,922 per ton), while the price for India ($888 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+405.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $597 per ton in December 2022, growing by 3.4% against the previous month. Overall, export price indicated modest growth from December 2021 to December 2022: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s decreased by -38.3% against September 2022 indices. The growth pace was the most rapid in February 2022 when the average export price increased by 30% against the previous month. The export price peaked at $968 per ton in September 2022; however, from October 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sao Tome and Principe ($931 per ton), while the average price for exports to the United States amounted to $568 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola
In 2022, approx. 2.6M tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were imported into Angola; increasing by 87% against 2021 figures. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 93% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $3.7B in 2022. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 120% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 618 | 233 | 73.2 | 1,509 | 34.7% |
| Netherlands | N/A | 24.0 | 314 | 1,043 | 559.2% |
| Belgium | 514 | 120 | 107 | 396 | -8.3% |
| India | 68.2 | 99.5 | 290 | 310 | 65.7% |
| Taiwan (Chinese) | N/A | N/A | N/A | 125 | 0% |
| Togo | 393 | 96.4 | 688 | 117 | -33.2% |
| Singapore | 153 | 22.8 | N/A | 11.2 | -58.2% |
| Malta | N/A | N/A | 184 | N/A | 0% |
| Others | 115 | 213 | 128 | 213 | 22.8% |
| Total | 1,861 | 809 | 1,783 | 3,726 | 26.0% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Angola in 2022:
- Netherlands (969.5K tons)
- South Korea (916.6K tons)
- India (348.5K tons)
- Belgium (247.1K tons)
- Togo (77.1K tons)
- Taiwan (Chinese) (42.9K tons)
- Singapore (10.4K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola
In 2022, approx. 642K tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were exported from Angola; picking up by 40% compared with the previous year's figure. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +79.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $480M in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 48.4 | N/A | N/A | 407 | 103.4% |
| Sao Tome and Principe | 7.3 | N/A | N/A | 32.2 | 64.0% |
| Togo | 29.1 | 87.1 | 38.2 | 29.0 | -0.1% |
| Democratic Republic of the Congo | N/A | N/A | 188 | 11.9 | -93.7% |
| Belgium | 44.7 | N/A | N/A | N/A | 0% |
| Greece | N/A | 8.8 | N/A | N/A | 0% |
| Sweden | 21.1 | N/A | N/A | N/A | 0% |
| United Kingdom | 18.6 | N/A | N/A | N/A | 0% |
| Morocco | N/A | 12.0 | N/A | N/A | 0% |
| South Africa | N/A | 20.1 | N/A | N/A | 0% |
| Panama | 28.6 | N/A | N/A | N/A | 0% |
| Singapore | 59.9 | 31.1 | N/A | N/A | -48.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 258 | 159 | 226 | 480 | 23.0% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Angola in 2022:
- United States (568.3K tons)
- Sao Tome and Principe (31.6K tons)
- Togo (30.5K tons)
- Democratic Republic of the Congo (12.1K tons)
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