Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam - 2022
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam (CIF) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam (FOB) - 2022
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $972 per ton, jumping by 96% against the previous year. Over the period under review, the import price recorded pronounced growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($972 per ton), while the price for Germany amounted to $972 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+96.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam (FOB) - 2022
The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $1,000 per ton in 2022, picking up by 21% against the previous year. In general, the export price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 77% against the previous year. The export price peaked at $3,000 per ton in 2015; however, from 2016 to 2022, 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 2015 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +20.6% per year.
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam
Imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Vietnam surged to 111 tons in 2022, increasing by 137% on the year before. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 617% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $108K in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 463%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 10.7 | 72.2 | 574.8% |
| Germany | 8.4 | N/A | 3.1 | 35.9 | 62.3% |
| China | N/A | 38.3 | N/A | N/A | 0% |
| Malaysia | N/A | 9.2 | 9.4 | N/A | 2.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.4 | 47.5 | 23.3 | 108 | 134.3% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Vietnam in 2022:
- United Arab Emirates (74.2 tons)
- Germany (37.0 tons)
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam
In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses exported from Vietnam declined sharply to 1 kg, which is down by -99.9% compared with the previous year. In general, exports continue to indicate a dramatic decrease. The smallest decline of -92.6% was in 2021.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell sharply to $1 in 2022. Over the period under review, exports continue to indicate a significant decrease. The smallest decline of -89.9% was in 2021.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Lao People's Democratic Republic | 6.7 | N/A | N/A | 0% | |
| Netherlands | N/A | 0.7 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 6.7 | 0.7 | N/A | -89.6% | |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Vietnam in 2022:
- Netherlands (1.0 kg)
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