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

Contents:

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

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $1,235 per ton in 2022, growing by 83% against the previous year. In general, the import price, however, saw a noticeable reduction. Over the period under review, average import prices attained the maximum at $2,028 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Belgium ($13,365 per ton), while the price for Germany amounted to $1,210 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+20.0%).

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $404 per ton, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 493%. As a result, the export price reached the peak level of $1,469 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($443 per ton), while the average price for exports to Germany ($342 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 142 tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were imported into Luxembourg; which is down by -13.2% on 2021. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $176K in 2022. Over the period under review, imports showed a pronounced slump.

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

1. Germany (141.9 tons)

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

In 2022, approx. 5.7 tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were exported from Luxembourg; rising by 14% against the year before. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses reached $2.3K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Poland (2.9 tons)
2. Belgium (2.2 tons)
3. Germany (0.5 tons)

Source: IndexBox Market Intelligence Platform