Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark (FOB) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark (CIF) - 2022
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark (FOB) - 2023
In November 2023, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $32.3 per ton, reducing by -96.5% against the previous month. In general, the export price faced a significant contraction. The pace of growth was the most pronounced in January 2023 when the average export price increased by 19% against the previous month. Over the period under review, the average export prices hit record highs at $1,028 per ton in August 2023; however, from September 2023 to November 2023, 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 the UK.
From November 2022 to November 2023, the rate of growth in terms of prices for Sweden amounted to +7.2% per month.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark (CIF) - 2022
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $978 per ton in 2022, picking up by 32% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2021 an increase of 67%. The import price peaked at $1,077 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($1,214 per ton) and Norway ($1,133 per ton), while the price for Sweden ($935 per ton) and Estonia ($1,001 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark
Exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s from Denmark declined remarkably to 852K tons in 2022, which is down by -26.1% against the year before. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 7.2% against the previous year.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s totaled $795M in 2022. Overall, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.5% 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 +92.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 92%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 206 | 105 | 248 | 372 | 21.8% |
| Sweden | 131 | 129 | 275 | 256 | 25.0% |
| Norway | 53.8 | 28.6 | 45.6 | 71.5 | 9.9% |
| Belgium | 26.4 | 11.3 | 11.3 | 47.6 | 21.7% |
| United Kingdom | 279 | 125 | 205 | 46.3 | -45.0% |
| Others | 21.9 | 14.5 | 9.9 | 1.8 | -56.5% |
| Total | 718 | 414 | 795 | 795 | 3.5% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Denmark in 2022:
- Netherlands (388.7K tons)
- Sweden (295.0K tons)
- Norway (60.5K tons)
- United Kingdom (57.2K tons)
- Belgium (48.4K tons)
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark
In 2022, after two years of decline, there was significant growth in overseas purchases of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, when their volume increased by 22% to 388K tons. Over the period under review, imports, however, continue to indicate a deep downturn.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $379M in 2022. In general, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 150 | 79.2 | 137 | 225 | 14.5% |
| United Kingdom | 36.9 | 31.9 | 43.8 | 57.3 | 15.8% |
| Netherlands | 79.4 | 32.4 | 16.7 | 44.9 | -17.3% |
| Norway | 33.7 | 29.4 | 20.4 | 14.7 | -24.2% |
| Estonia | 0.8 | 0.2 | N/A | 10.5 | 135.9% |
| Finland | 7.1 | 8.5 | 5.6 | 6.1 | -4.9% |
| Others | 6.8 | 4.5 | 13.0 | 20.6 | 44.7% |
| Total | 315 | 186 | 236 | 379 | 6.4% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Denmark in 2022:
- Sweden (241.0K tons)
- United Kingdom (56.8K tons)
- Netherlands (37.0K tons)
- Norway (13.0K tons)
- Estonia (10.5K tons)
- Finland (5.9K tons)
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