Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia - 2022
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia (FOB) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia (CIF) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia (FOB) - 2022
The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $741 per ton in March 2022, picking up by 32% against the previous month. Overall, export price indicated buoyant growth from March 2021 to March 2022: its price increased at an average monthly rate of +6.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for residues; of petroleum oils or of oils obtained from bituminous mineralses increased by +65.1% against December 2021 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In March 2022, the country with the highest price was Hong Kong SAR ($897 per ton), while the average price for exports to Malaysia ($632 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia (CIF) - 2022
The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $3,001 per ton in 2022, picking up by 496% against the previous year. In general, the import price saw noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($14,563 per ton), while the price for China amounted to $1,582 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia
Exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Indonesia soared to 2.2M tons in 2022, growing by 64% against the previous year. In general, exports, however, showed a pronounced decline.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $1.4B in 2022. Overall, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 824 | 597 | 420 | 820 | -0.2% |
| Singapore | 92.1 | 44.6 | 109 | 413 | 64.9% |
| Hong Kong SAR | N/A | 16.1 | N/A | 149 | 204.2% |
| Others | 14.1 | 13.2 | N/A | 9.0 | -13.9% |
| Total | 931 | 671 | 530 | 1,392 | 14.3% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Indonesia in 2022:
- Malaysia (1318.9K tons)
- Singapore (662.9K tons)
- Hong Kong SAR (176.9K tons)
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia
For the third year in a row, Indonesia recorded decline in purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, which decreased by -99.3% to 942 kg in 2022. Overall, imports recorded a sharp slump. The smallest decline of -35% was in 2020.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted notably to $2.8K in 2022. Over the period under review, imports saw a significant decline. The smallest decline of -26.9% was in 2020.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 398 | 214 | N/A | 1.5 | -84.4% |
| China | N/A | N/A | N/A | 1.3 | 0% |
| Malaysia | 187 | 82.7 | 64.0 | N/A | -41.5% |
| Singapore | 1,901 | 1,520 | 3.4 | N/A | -95.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,486 | 1,817 | 67.4 | 2.8 | -89.6% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Indonesia in 2022:
- China (839.0 kg)
- United States (103.0 kg)
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