Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania (CIF) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania (FOB) - 2023
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $598 per ton, increasing by 33% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 143%. As a result, import price attained the peak level of $1,871 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($1,178 per ton), while the price for Poland ($379 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (-5.1%), 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 Romania (FOB) - 2023
In August 2023, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $554 per ton, growing by 9.7% against the previous month. In general, the export price continues to indicate a measured increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Hungary.
From November 2022 to August 2023, the rate of growth in terms of prices for Hungary amounted to +4.3% per month.
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania
Imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Romania reduced notably to 659 tons in 2022, shrinking by -69.9% against 2021 figures. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,557% against the previous year. As a result, imports attained the peak of 2.2K tons, and then declined notably in the following year.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted remarkably to $394K in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,746%. As a result, imports reached the peak of $986K, and then fell sharply in the following year.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 0.3 | 21.5 | 0.2 | 209 | 786.5% |
| Bulgaria | N/A | N/A | 955 | 177 | -81.5% |
| Poland | N/A | N/A | 14.1 | 9.0 | -36.2% |
| Czech Republic | 42.5 | N/A | N/A | N/A | 0% |
| Iran | 40.8 | N/A | N/A | N/A | 0% |
| Others | 6.9 | 13.2 | 17.0 | 0.1 | -75.6% |
| Total | 90.5 | 34.7 | 986 | 394 | 63.3% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Romania in 2022:
- Bulgaria (458.5 tons)
- Hungary (177.1 tons)
- Poland (23.8 tons)
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania
In 2022, approx. 529 tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were exported from Romania; falling by -95.9% compared with 2021. Overall, exports recorded a sharp curtailment. The smallest decline of -22.2% was in 2021.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses reduced notably to $243K in 2022. Over the period under review, exports recorded a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 4.5% against the previous year.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 11.9 | 5.6 | 5.9 | 0.2 | -74.4% |
| Austria | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.3 | 5.6 | 5.9 | 0.2 | -74.7% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Romania in 2022:
- Hungary (523.5 tons)
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