Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland (FOB) - 2023
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland (CIF) - 2022
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $1,152 per ton in 2022, increasing by 60% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,744 per ton), while the price for Norway ($500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+45.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland (FOB) - 2023
In November 2023, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $954 per ton, declining by -8.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 20% m-o-m. The export price peaked at $1,062 per ton in September 2023; however, from October 2023 to November 2023, the export prices failed to regain momentum.
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 the Netherlands amounted to +37.1% per month.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland
After two years of decline, supplies from abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s increased by 110% to 417K tons in 2022. Overall, imports, however, continue to indicate a deep downturn.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $480M in 2022. In general, imports enjoyed a buoyant increase. 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 Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 232 | 80.6 | 114 | 409 | 20.8% |
| Netherlands | 18.2 | 7.2 | 4.9 | 25.1 | 11.3% |
| Sweden | 51.4 | 0.1 | N/A | 0.1 | -87.5% |
| Norway | N/A | 8.7 | 10.3 | N/A | 18.4% |
| India | 41.8 | N/A | N/A | N/A | 0% |
| Others | 36.3 | 12.6 | 13.3 | 46.2 | 8.4% |
| Total | 380 | 109 | 142 | 480 | 8.1% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Ireland in 2022:
- United Kingdom (356.4K tons)
- Netherlands (24.5K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Ireland
After two years of decline, overseas shipments of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s increased by 0.8% to 286K tons in 2022. Over the period under review, exports, however, recorded a abrupt decrease.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $299M in 2022. In general, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.1% 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 +83.6% against 2020 indices. 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 Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 109 | 54.7 | 92.6 | 234 | 29.0% |
| Netherlands | 28.2 | 52.1 | 70.7 | 55.6 | 25.4% |
| Belgium | N/A | 15.4 | N/A | 8.9 | -24.0% |
| British Virgin Islands | N/A | 13.7 | N/A | N/A | 0% |
| Morocco | 17.5 | N/A | N/A | N/A | 0% |
| Bahamas | N/A | 14.2 | 16.7 | N/A | 17.6% |
| United States | 134 | N/A | 22.3 | N/A | -59.2% |
| Others | N/A | 12.8 | 0.1 | 0.5 | -80.2% |
| Total | 289 | 163 | 202 | 299 | 1.1% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Ireland in 2022:
- United Kingdom (221.5K tons)
- Netherlands (53.2K tons)
- Belgium (10.9K tons)
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