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

Contents:

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

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $71 per ton, jumping by 697% against the previous year. Overall, the export price, however, recorded a deep reduction. Over the period under review, the average export prices attained the maximum at $1,057 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +23.2% per year.

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $79 per ton, growing by 128% against the previous year. Overall, the import price, however, recorded a abrupt slump. The import price peaked at $900 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($372 per ton), while the price for the Netherlands ($31 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+82.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

For the fourth consecutive year, Greece recorded growth in overseas shipments of residues; of petroleum oils or of oils obtained from bituminous mineralses, which increased by 146% to 48K tons in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $3.4M in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (48.2K tons)

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

In 2022, supplies from abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -82.9% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 2,980% against the previous year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted dramatically to $154K in 2022. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 166%. As a result, imports attained the peak of $396K, and then declined significantly in the following year.

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

1. Netherlands (1666.3 tons)
2. Hungary (274.4 tons)
3. Italy (4.6 tons)

Source: IndexBox Market Intelligence Platform