Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK (FOB) - 2023
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK (CIF) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK (FOB) - 2023
The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $452 per ton in July 2023, with an increase of 17% against the previous month. Overall, the export price, however, recorded a perceptible downturn. Over the period under review, the average export prices attained the maximum at $537 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From November 2022 to July 2023, the rate of growth in terms of prices for Spain amounted to +75.7% per month.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK (CIF) - 2022
The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $463 per ton in 2022, waning by -5.6% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $856 per ton in 2013; however, from 2014 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 Poland ($1,080 per ton), while the price for Germany ($428 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+52.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK
Exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from the UK surged to 140K tons in 2022, rising by 19% compared with the year before. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 16,336% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $107M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 15,175%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | N/A | N/A | 25.9 | 37.1 | 43.2% |
| Italy | 6.5 | N/A | 13.9 | 35.7 | 76.4% |
| Spain | N/A | N/A | 12.8 | 19.8 | 54.7% |
| Netherlands | 6.8 | N/A | 11.4 | 13.9 | 26.9% |
| Others | 0.4 | 0.4 | 0.2 | 0.1 | -37.0% |
| Total | 13.7 | 0.4 | 64.3 | 107 | 98.4% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from the UK in 2022:
- Egypt (64.4K tons)
- Spain (34.0K tons)
- Netherlands (25.5K tons)
- Italy (16.0K tons)
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK
In 2022, purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses was finally on the rise to reach 46K tons after two years of decline. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached 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 skyrocketed to $21M in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 18.7 | 0% |
| Germany | 1.6 | 1.5 | 0.6 | 1.6 | 0.0% |
| Poland | 0.1 | 0.1 | N/A | 1.0 | 115.4% |
| Others | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Total | 1.7 | 1.5 | 0.6 | 21.4 | 132.6% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to the UK in 2022:
- Netherlands (41.4K tons)
- Germany (3.7K tons)
- Poland (0.9K tons)
181
This report provides an in-depth analysis of the petroleum bitumen market in the UK.
352
This report provides an in-depth analysis of the radio receiver market in the UK.
257
This report provides an in-depth analysis of the portable radio market in the UK.
229
This report provides an in-depth analysis of the global petroleum bitumen market.
698
This report provides an in-depth analysis of the global radio receiver market.
436
Global Portable Radio Market Report 2018. This report provides an in-depth analysis of the global portable radio market.
181
This report provides an in-depth analysis of the petroleum bitumen market in the UK.
229
This report provides an in-depth analysis of the global petroleum bitumen market.
282
Explore the top import markets for petroleum bitumen and their key statistics. Discover the leading countries and their import values, including the United States, China, and India. Get insights from the IndexBox market intelligence platform.
895
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
740
In 2016, approx. X tons of radio receiver were imported worldwide- falling by -X% against the previous year figure. In general, radio receiver imports continue to indicate a drastic shrinkage. ...
282
Explore the top import markets for petroleum bitumen and their key statistics. Discover the leading countries and their import values, including the United States, China, and India. Get insights from the IndexBox market intelligence platform.
