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

Contents:

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

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $281 per ton, with a decrease of -8% against the previous year. Overall, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2013 an increase of 171% against the previous year. As a result, import price reached the peak level of $2,456 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($285 per ton), while the price for the Netherlands stood at $270 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-25.5%).

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,000 per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a precipitous setback. The most prominent rate of growth was recorded in 2015 an increase of 339% against the previous year. As a result, the export price attained the peak level of $31,500 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2014 to 2022, the rate of growth in terms of prices for Russia amounted to -32.5% per year.

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

In 2022, purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -89.6% to 330 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of 3.2K tons, and then declined remarkably in the following year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses reduced sharply to $93K in 2022. Overall, imports showed a precipitous contraction. The smallest decline of -12.3% was in 2021.

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

1. Latvia (222.6 tons)
2. Netherlands (106.7 tons)

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

In 2022, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Finland fell rapidly to 1 kg, declining by -50% against the previous year's figure. In general, exports recorded a precipitous contraction.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted notably to $1 in 2022. Over the period under review, exports showed a dramatic descent.

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

1. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform