Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada - 2023

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada (CIF) - 2023
2. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada (FOB) - 2022
3. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada
4. Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada (CIF) - 2023

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $201 per ton in September 2023, declining by -21.4% against the previous month. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in May 2023 an increase of 82% m-o-m. Over the period under review, average import prices reached the peak figure at $622 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From December 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to -11.8% per month.

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada (FOB) - 2022

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $145 per ton, surging by 39% against the previous year. Overall, the export price, however, saw a abrupt slump. The export price peaked at $413 per ton in 2012; however, from 2013 to 2022, 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 United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -10.4% per year.

Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada

After three years of growth, purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -71.6% to 20K tons in 2022. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of 101%.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell sharply to $8.5M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 122% against the previous year. As a result, imports attained the peak of $26M, and then reduced dramatically in the following year.

Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Canada in 2022:

1. United States (20.0K tons)

Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Canada

In 2022, overseas shipments of residues; of petroleum oils or of oils obtained from bituminous mineralses were finally on the rise to reach 690 tons after two years of decline. In general, exports, however, continue to indicate a dramatic shrinkage.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $100K in 2022. Over the period under review, exports, however, faced a sharp slump.

Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Canada in 2022:

1. United States (689.0 tons)

Source: IndexBox Market Intelligence Platform