Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Russia - 2022

Contents:

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

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

The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $268 per ton in 2022, falling by -8% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 an increase of 88% against the previous year. Over the period under review, the average export prices reached the peak figure at $429 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($664 per ton), while the average price for exports to Kazakhstan stood at $252 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-1.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $750 per ton, rising by 21% against the previous year. In general, the import price posted a temperate expansion. The growth pace was the most rapid in 2018 an increase of 224% against the previous year. The import price peaked at $2,080 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Japan ($1,874 per ton), while the price for Kazakhstan stood at $313 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+7.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -50.5% to 122K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 20%. As a result, the exports attained the peak of 295K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses reduced notably to $33M in 2022. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 58% against the previous year. As a result, the exports attained the peak of $72M, and then plummeted in the following year.

Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan37.841.350.930.7-6.7%
MalaysiaN/AN/A19.7N/A0%
Others5.74.41.52.1-28.3%
Total43.645.872.132.8-9.1%

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

  1. Kazakhstan (121.7K tons)

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

In 2022, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Russia dropped significantly to 23K tons, reducing by -36.8% on the year before. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 1,035%. As a result, imports reached the peak of 36K tons, and then reduced rapidly in the following year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell rapidly to $17M in 2022. In general, imports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when imports increased by 1,662%.

Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan58.6N/A13.512.0-41.1%
Kazakhstan3.60.98.95.112.3%
Belarus2.7N/AN/AN/A0%
Others0.40.30.1N/A-50.0%
Total65.31.322.517.2-35.9%

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

  1. Kazakhstan (16.5K tons)
  2. Japan (6.4K tons)

Source: IndexBox Market Intelligence Platform

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