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

Contents:

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

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $3,189 per ton, stabilizing at the previous year. Overall, the import price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 25%. The import price peaked at $4,382 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,471 per ton), while the price for France amounted to $3,174 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.0%).

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,000 per ton, remaining relatively unchanged against the previous year. Overall, the export price showed a sharp decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 194% against the previous year. Over the period under review, the average export prices reached the maximum at $14,333 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($1,000 per ton) and Sweden ($1,000 per ton), while the average price for exports to France ($1,000 per ton) and Germany ($1,000 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+271.1%), 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 Switzerland

In 2022, overseas purchases of residues; of petroleum oils or of oils obtained from bituminous mineralses increased by 20,185% to 24 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses soared to $78K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. France (24.2 tons)
2. Germany (0.1 tons)

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

In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses exported from Switzerland was estimated at 4 kg, therefore, remained relatively stable against the year before. Overall, exports recorded a strong increase. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $4 in 2022. Over the period under review, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. India (1.0 kg)
2. Sweden (1.0 kg)
3. Germany (1.0 kg)
4. France (1.0 kg)

Source: IndexBox Market Intelligence Platform