Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Indonesia - 2022
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Indonesia (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Indonesia (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Indonesia
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Indonesia
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Indonesia (CIF) - 2022
In March 2022, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,033 per ton, with an increase of 18% against the previous month. Over the period under review, import price indicated noticeable growth from March 2021 to March 2022: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s increased by +39.2% against December 2021 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In March 2022, the countries with the highest prices were India ($1,072 per ton) and South Korea ($1,067 per ton), while the price for China ($846 per ton) and the United Arab Emirates ($878 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), 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 Indonesia (FOB) - 2022
In 2022, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $969 per ton, growing by 37% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s increased by +94.2% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 42%. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($1,400 per ton), while the average price for exports to India ($900 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 South Korea (+5.2%), 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 Indonesia
In 2022, imports of petroleum spirit for motor vehicles **legacy non-wco code**s into Indonesia rose remarkably to 18M tons, increasing by 9.6% on the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $17.1B in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 88%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Indonesia (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 6.3 | 3.0 | 4.9 | 8.2 | 9.2% |
| Malaysia | 0.7 | 1.2 | 2.9 | 3.9 | 77.3% |
| India | N/A | N/A | 0.8 | 2.0 | 150.0% |
| Saudi Arabia | 0.3 | 0.5 | 0.6 | 1.0 | 49.4% |
| Brunei Darussalam | N/A | N/A | 0.1 | 0.5 | 400.0% |
| United Arab Emirates | 0.8 | 0.4 | 0.6 | 0.4 | -20.6% |
| China | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| South Korea | 0.6 | 0.1 | 0.1 | 0.4 | -12.6% |
| Others | 0.7 | 0.3 | 0.6 | 0.2 | -34.1% |
| Total | 9.7 | 5.8 | 10.9 | 17.1 | 20.8% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Indonesia in 2022:
- Singapore (8.4M tons)
- Malaysia (4.2M tons)
- India (2.1M tons)
- Saudi Arabia (1.2M tons)
- United Arab Emirates (0.5M tons)
- Brunei Darussalam (0.5M tons)
- China (0.4M tons)
- South Korea (0.4M tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Indonesia
In 2022, the amount of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s exported from Indonesia skyrocketed to 114K tons, growing by 17% against the previous year's figure. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, the exports attained the peak of 201K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $110M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | N/A | 70.3 | 0% |
| India | N/A | N/A | N/A | 33.4 | 0% |
| South Korea | N/A | N/A | N/A | 4.2 | 0% |
| Malaysia | 12.0 | 31.8 | 19.2 | 2.4 | -41.5% |
| Singapore | 0.3 | 21.3 | 7.5 | 0.1 | -30.7% |
| Kenya | 44.3 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | N/A | 24.3 | N/A | 0% |
| United States | 38.4 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 17.7 | N/A | 0% |
| Taiwan (Chinese) | N/A | 6.6 | N/A | N/A | 0% |
| Others | 0.1 | 40.7 | N/A | 0.1 | 0.0% |
| Total | 95.1 | 100 | 68.8 | 110 | 5.0% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Indonesia in 2022:
- Iraq (71.1K tons)
- India (37.2K tons)
- South Korea (3.0K tons)
- Malaysia (2.5K tons)
- Singapore (0.1K tons)
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