Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg (CIF) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg (CIF) - 2023
In September 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $533 per ton, remaining relatively unchanged against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 3.8% m-o-m. Over the period under review, average import prices reached the maximum at $535 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($531 per ton), while the price for Germany amounted to $530 per ton.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.4%).
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg (FOB) - 2022
In 2022, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $2,962 per ton, with an increase of 11% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 30% against the previous year. Over the period under review, the average export prices hit record highs at $3,414 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 the Netherlands ($13,776 per ton), while the average price for exports to Germany ($1,264 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 the Netherlands (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg
In 2022, approx. 740K tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were imported into Luxembourg; picking up by 86% against 2021. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $372M in 2022. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 165 | 95.0 | 169 | 267 | 17.4% |
| Germany | 74.6 | 40.0 | 53.2 | 93.3 | 7.7% |
| Others | 0.9 | 0.7 | 0.9 | 11.9 | 136.5% |
| Total | 240 | 136 | 223 | 372 | 15.7% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Luxembourg in 2022:
- Belgium (540.7K tons)
- Germany (188.7K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg
In 2022, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s from Luxembourg rose modestly to 65 tons, surging by 1.8% compared with the year before. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s rose remarkably to $192K in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; 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 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 58.3 | 43.2 | 74.0 | 55.4 | -1.7% |
| Germany | 25.8 | 18.6 | 40.1 | 31.1 | 6.4% |
| France | 16.4 | 21.3 | 12.7 | 21.6 | 9.6% |
| Netherlands | 22.4 | 14.6 | 20.9 | 21.5 | -1.4% |
| Italy | 5.0 | 4.5 | 5.5 | 20.4 | 59.8% |
| Norway | 2.7 | 5.8 | 7.4 | 11.9 | 64.0% |
| New Caledonia | 2.4 | 11.4 | 2.1 | 9.5 | 58.2% |
| Spain | 10.3 | 3.3 | 1.4 | 0.6 | -61.2% |
| United Kingdom | 14.9 | 12.9 | N/A | N/A | -13.4% |
| Others | 4.0 | 6.5 | 5.6 | 20.5 | 72.4% |
| Total | 162 | 142 | 170 | 192 | 5.8% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Luxembourg in 2022:
- Germany (24.6 tons)
- Belgium (15.2 tons)
- France (7.6 tons)
- Italy (5.0 tons)
- Norway (4.0 tons)
- New Caledonia (3.0 tons)
- Netherlands (1.6 tons)
- Spain (0.1 tons)
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