Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia (CIF) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia (FOB) - 2022
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia (CIF) - 2022
The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $566 per ton in 2022, increasing by 32% against the previous year. In general, the import price, however, saw a pronounced curtailment. The import price peaked at $789 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Saudi Arabia ($893 per ton), while the price for Algeria ($507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.7%), while the prices for the other major suppliers experienced a decline.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia (FOB) - 2022
The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $782 per ton in 2022, increasing by 55% against the previous year. Overall, the export price recorded resilient growth. The growth pace was the most rapid in 2018 when the average export price increased by 328% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($2,132 per ton), while the average price for exports to Singapore totaled $781 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+64.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia
In 2022, after three years of growth, there was significant decline in purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume decreased by -19.9% to 396K tons. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 153% against the previous year.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses rose notably to $224M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 78% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 41.8 | 107 | 184 | 167 | 58.7% |
| Singapore | 12.8 | 14.2 | N/A | 18.9 | 13.9% |
| Algeria | N/A | N/A | N/A | 16.7 | 0% |
| Saudi Arabia | 0.8 | N/A | 6.4 | 11.9 | 145.9% |
| Japan | 0.4 | N/A | N/A | 9.2 | 184.4% |
| Russia | N/A | N/A | 20.5 | N/A | 0% |
| Others | 12.0 | 0.4 | 0.2 | 0.3 | -70.8% |
| Total | 68.0 | 121 | 211 | 224 | 48.8% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Malaysia in 2022:
- Indonesia (307.5K tons)
- Algeria (33.0K tons)
- Singapore (30.7K tons)
- Saudi Arabia (13.4K tons)
- Japan (11.0K tons)
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia
In 2022, overseas shipments of residues; of petroleum oils or of oils obtained from bituminous mineralses were finally on the rise to reach 29K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous curtailment.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $22M in 2022. Overall, exports, however, showed a dramatic downturn.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 69.4 | 40.9 | N/A | 22.3 | -31.5% |
| Bangladesh | N/A | N/A | 11.1 | N/A | 0% |
| Thailand | 7.2 | 11.5 | N/A | N/A | 59.7% |
| Others | 0.5 | 0.2 | 0.2 | 0.2 | -26.3% |
| Total | 77.1 | 52.6 | 11.3 | 22.5 | -33.7% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Malaysia in 2022:
- Singapore (28.5K tons)
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