Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates - 2022
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates (CIF) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates (FOB) - 2022
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $134 per ton, shrinking by -68.3% against the previous year. In general, the import price faced a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 22%. Over the period under review, average import prices reached the maximum at $422 per ton in 2021, and then shrank rapidly in the following year.
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 Oman ($134 per ton), while the price for Kuwait totaled $65 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+3.0%), 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 the United Arab Emirates (FOB) - 2022
In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $2,637 per ton, surging by 431% against the previous year. Over the period under review, the export price enjoyed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Italy ($3,001 per ton), while the average price for exports to China amounted to $1,906 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.5%), 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 the United Arab Emirates
After three years of growth, supplies from abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -99% to 1.3K tons in 2022. In general, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell notably to $169K in 2022. Overall, imports showed a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Kuwait | N/A | N/A | N/A | N/A | 0% |
| India | 33.1 | 36.2 | 38.3 | N/A | 7.6% |
| Iran | 4.7 | 7.7 | 12.3 | N/A | 61.8% |
| Others | 0.3 | 0.4 | 0.8 | N/A | 63.3% |
| Total | 38.2 | 44.3 | 51.5 | 0.2 | -82.6% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to the United Arab Emirates in 2022:
- Oman (1140.3 tons)
- Kuwait (113.8 tons)
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates
In 2022, shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by 99.9% to 1.5 tons, falling for the second year in a row after two years of growth. Overall, exports showed a precipitous decrease. The growth pace was the most rapid in 2020 when exports increased by 2,834%. As a result, the exports reached the peak of 31K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses reduced notably to $4K in 2022. Over the period under review, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 2,518%. As a result, the exports reached the peak of $18M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | 0.6 | N/A | 0% |
| China | N/A | 0.1 | N/A | N/A | 0% |
| Ethiopia | 0.3 | 6.2 | 2.7 | N/A | 200.0% |
| Cambodia | N/A | 2.8 | N/A | N/A | 0% |
| India | 0.1 | 2.8 | 1.8 | N/A | 324.3% |
| Oman | N/A | 2.8 | 1.2 | N/A | -57.1% |
| Malaysia | N/A | 1.1 | 1.7 | N/A | 54.5% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| Others | 0.3 | 1.8 | 0.8 | N/A | 63.3% |
| Total | 0.7 | 17.5 | 8.9 | N/A | 256.6% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from the United Arab Emirates in 2022:
- Italy (1003.0 kg)
- China (500.0 kg)
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