Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway - 2024
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway (FOB) - 2024
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway (CIF) - 2024
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway (FOB) - 2024
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $730 per ton in December 2023, flattening at the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 5.1% m-o-m. Over the period under review, the average export prices reached the maximum at $837 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Iceland ($1,316 per ton), while the average price for exports to Belgium ($629 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway (CIF) - 2024
In December 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,064 per ton, falling by -4.4% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in February 2023 when the average import price increased by 67% month-to-month. As a result, import price attained the peak level of $1,521 per ton. From March 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,289 per ton), while the price for Belgium ($867 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway
In 2022, approx. 5.4M tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were exported from Norway; dropping by -9.9% compared with the previous year's figure. Over the period under review, exports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 6M tons, and then reduced in the following year.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $4.9B in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 561 | 658 | 1,204 | 1,638 | 42.9% |
| United States | 579 | 105 | 594 | 844 | 13.4% |
| Netherlands | 549 | 258 | 510 | 744 | 10.7% |
| United Kingdom | 270 | 152 | 322 | 631 | 32.7% |
| Belgium | 237 | 235 | 545 | 309 | 9.2% |
| Iceland | 74.6 | 56.9 | 100 | 180 | 34.1% |
| Togo | 55.1 | 20.0 | 28.7 | 122 | 30.3% |
| Singapore | 132 | 100 | 0.4 | 26.2 | -41.7% |
| Canada | 285 | 75.8 | 149 | 23.4 | -56.5% |
| Japan | 137 | 46.0 | 58.1 | 21.0 | -46.5% |
| Others | 357 | 266 | 355 | 313 | -4.3% |
| Total | 3,238 | 1,973 | 3,867 | 4,852 | 14.4% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Norway in 2022:
- Nigeria (1757.9K tons)
- Netherlands (985.0K tons)
- United States (914.9K tons)
- United Kingdom (629.5K tons)
- Belgium (406.0K tons)
- Togo (151.6K tons)
- Iceland (109.5K tons)
- Singapore (30.4K tons)
- Canada (30.3K tons)
- Japan (30.1K tons)
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Norway
In 2022, purchases abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s was finally on the rise to reach 789K tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $972M in 2022. Over the period under review, imports continue to indicate significant 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 Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 204 | 127 | 196 | 327 | 17.0% |
| United Kingdom | 6.5 | 0.1 | 44.7 | 191 | 208.6% |
| Netherlands | 36.6 | 21.1 | 20.9 | 186 | 71.9% |
| Denmark | 57.4 | 25.3 | 58.3 | 151 | 38.0% |
| Estonia | N/A | 7.1 | 0.7 | 87.6 | 251.3% |
| Finland | 45.8 | 8.3 | 7.0 | 18.9 | -25.5% |
| Belgium | 36.7 | 22.7 | 16.1 | 6.5 | -43.8% |
| Poland | 20.3 | 15.5 | 6.4 | 2.2 | -52.3% |
| Brazil | 68.5 | 20.9 | N/A | N/A | -69.5% |
| Others | 3.7 | 14.0 | 1.4 | 1.5 | -26.0% |
| Total | 479 | 262 | 352 | 972 | 26.6% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Norway in 2022:
- Sweden (273.6K tons)
- United Kingdom (158.1K tons)
- Netherlands (157.1K tons)
- Denmark (116.1K tons)
- Estonia (61.5K tons)
- Finland (16.4K tons)
- Belgium (4.4K tons)
- Poland (1.3K tons)
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