Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand - 2024
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand (FOB) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand (CIF) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand (FOB) - 2022
In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $599 per ton, with an increase of 10% against the previous year. Overall, the export price, however, recorded a mild descent. Over the period under review, the average export prices hit record highs at $762 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,970 per ton), while the average price for exports to New Caledonia ($445 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $5,857 per ton, rising by 2,925% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,360 per ton), while the price for the United States totaled $810 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+37.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand
In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses exported from Thailand dropped to 7.3K tons, falling by -14.7% against the previous year's figure. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of 8.6K tons, and then fell in the following year.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses dropped to $4.4M in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. As a result, the exports attained the peak of $4.7M, and then declined in the following year.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | N/A | N/A | N/A | 1,083 | 0% |
| Australia | 706 | 1,011 | 2,429 | 886 | 7.9% |
| Paraguay | N/A | N/A | N/A | 675 | 0% |
| Japan | 870 | 708 | 616 | 501 | -16.8% |
| Philippines | 948 | 851 | 1,237 | 423 | -23.6% |
| Kenya | N/A | N/A | N/A | 250 | 0% |
| New Caledonia | 365 | N/A | N/A | 106 | -33.8% |
| Lao People's Democratic Republic | 328 | 49.5 | 27.3 | 16.0 | -63.5% |
| Others | 616 | 506 | 369 | 463 | -9.1% |
| Total | 3,834 | 3,124 | 4,678 | 4,404 | 4.7% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Thailand in 2022:
- Jamaica (2346.5 tons)
- Paraguay (1483.4 tons)
- Australia (1391.1 tons)
- Philippines (741.7 tons)
- Kenya (556.8 tons)
- Japan (254.5 tons)
- New Caledonia (238.6 tons)
- Lao People's Democratic Republic (43.6 tons)
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand
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 -99.9% to 2.3 tons. Over the period under review, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 48,756% against the previous year.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses shrank dramatically to $14K in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 120,233% against the previous year. As a result, imports reached the peak of $4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 13.5 | 0% |
| United States | 3.0 | 0.8 | 582 | 0.2 | -59.5% |
| Indonesia | N/A | 4,001 | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 230 | N/A | 0% |
| Others | 0.3 | 0.1 | 3.2 | N/A | 226.6% |
| Total | 3.3 | 4,002 | 815 | 13.6 | 60.3% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Thailand in 2022:
- Japan (2.1 tons)
- United States (0.2 tons)
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