Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany (CIF) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany (FOB) - 2023
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany (CIF) - 2023
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $796 per ton in November 2023, falling by -5.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 19% month-to-month. Over the period under review, average import prices hit record highs at $878 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($774 per ton), while the price for Serbia ($503 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Algeria (+0.4%), 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 Germany (FOB) - 2023
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $906 per ton in November 2023, reducing by -7.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 28% against the previous month. As a result, the export price attained the peak level of $1,147 per ton. From August 2023 to November 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From November 2022 to November 2023, the rate of growth in terms of prices for Austria amounted to +2.7% per month.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany
Imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s into Germany dropped to 10M tons in 2022, falling by -2.7% compared with 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports attained the peak of 11M tons, and then fell modestly in the following year.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $9.3B in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 110%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3,161 | 1,946 | 4,478 | 5,610 | 21.1% |
| Belgium | 735 | 519 | 1,021 | 992 | 10.5% |
| Algeria | 249 | 258 | 363 | 801 | 47.6% |
| Russia | 653 | 275 | 366 | 479 | -9.8% |
| United States | 57.8 | 28.3 | 510 | 399 | 90.4% |
| Czech Republic | 215 | 131 | 213 | 250 | 5.2% |
| Others | 642 | 438 | 614 | 724 | 4.1% |
| Total | 5,713 | 3,595 | 7,566 | 9,255 | 17.4% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Germany in 2022:
- Netherlands (6.4M tons)
- Algeria (1.0M tons)
- Belgium (0.9M tons)
- Russia (0.6M tons)
- United States (0.4M tons)
- Czech Republic (0.2M tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany
For the fourth year in a row, Germany recorded growth in overseas shipments of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, which increased by 12% to 5.5M tons in 2022. The total export volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. Over the period under review, the exports of hit record highs in 2022 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 soared to $5.7B in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 81%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 764 | 492 | 1,101 | 1,610 | 28.2% |
| Switzerland | 691 | 548 | 832 | 1,003 | 13.2% |
| Austria | 369 | 249 | 399 | 888 | 34.0% |
| Poland | 125 | 100 | 270 | 726 | 79.8% |
| France | 196 | 169 | 171 | 454 | 32.3% |
| Czech Republic | 135 | 85.5 | 171 | 333 | 35.1% |
| Belgium | 155 | 93.3 | 234 | 288 | 22.9% |
| Others | 286 | 229 | 377 | 379 | 9.8% |
| Total | 2,721 | 1,965 | 3,554 | 5,680 | 27.8% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Germany in 2022:
- Netherlands (1699.5K tons)
- Switzerland (967.5K tons)
- Austria (818.9K tons)
- Poland (646.5K tons)
- France (409.4K tons)
- Belgium (341.5K tons)
- Czech Republic (306.6K tons)
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