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

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ukraine (CIF) - 2022
2. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ukraine

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $581 per ton, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43% against the previous year. Over the period under review, average import prices reached the peak figure at $731 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($869 per ton), while the price for Belarus amounted to $570 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.7%).

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

In 2022, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Ukraine shrank remarkably to 347 tons, reducing by -86.6% on the previous year. In general, imports saw a precipitous curtailment. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of 2.6K tons, and then contracted significantly in the following year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses shrank markedly to $202K in 2022. Over the period under review, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, imports attained the peak of $1.5M, and then shrank markedly in the following year.

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

1. Belarus (335.4 tons)
2. Russia (11.7 tons)

Source: IndexBox Market Intelligence Platform