Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Costa Rica - 2022

Contents:

  1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Costa Rica (CIF) - 2022
  2. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Costa Rica

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Costa Rica (CIF) - 2022

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $750 per ton in 2022, dropping by -19.3% against the previous year. Overall, the import price continues to indicate a sharp setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 455% against the previous year. Over the period under review, average import prices hit record highs at $35,412 per ton in 2014; however, from 2015 to 2022, 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 2014 to 2022, the rate of growth in terms of prices for the United States amounted to -38.3% per year.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume decreased by 99.9% to 60 kg. Overall, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 339% against the previous year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses reduced dramatically to $45 in 2022. In general, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 2,335%. As a result, imports reached the peak of $147K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama4.9N/AN/AN/A0%
United States1.1146125N/A966.0%
Others0.11.21.6N/A300.0%
Total6.0147127N/A360.1%

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

  1. United States (60.0 kg)

Source: IndexBox Market Intelligence Platform

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