Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Norway - 2024

Contents:

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

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $1,637 per ton in 2022, surging by 13% against the previous year. Overall, the import price posted a temperate expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 101% against the previous year. The import price peaked at $3,817 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($10,819 per ton), while the price for Germany amounted to $1,398 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $324 per ton, growing by 4.6% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 703% against the previous year. The export price peaked at $2,718 per ton in 2012; however, from 2013 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 Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -9.1% per year.

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

Imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Norway skyrocketed to 16 tons in 2022, jumping by 299% against the previous year's figure. In general, imports, however, recorded a abrupt slump.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $26K in 2022. Over the period under review, imports, however, recorded a significant decrease.

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

1. Germany (15.7 tons)
2. Netherlands (0.4 tons)

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

In 2022, approx. 5 tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were exported from Norway; waning by -37.5% on 2021. Over the period under review, exports saw a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 300%.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell significantly to $1.6K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 225% against the previous year.

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

1. Sweden (5.0 tons)

Source: IndexBox Market Intelligence Platform