Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa - 2024
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa (FOB) - 2024
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa (CIF) - 2022
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $900 per ton in 2022, rising by 75% against the previous year. Over the period under review, the import price, however, recorded a mild shrinkage. The import price peaked at $1,056 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($1,016 per ton) and the Netherlands ($982 per ton), while the price for Italy ($742 per ton) and Belgium ($777 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa (FOB) - 2024
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $808 per ton in November 2023, stabilizing at the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 51% m-o-m. As a result, the export price attained the peak level of $1,123 per ton. From August 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Democratic Republic of the Congo ($956 per ton), while the average price for exports to Singapore ($430 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+1.5%), 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 South Africa
For the fourth consecutive year, South Africa recorded growth in purchases abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, which increased by 28% to 21M tons in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 62%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $18.5B in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 134% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 726 | 748 | 1,250 | 3,553 | 69.8% |
| India | 848 | 587 | 1,272 | 3,493 | 60.3% |
| Oman | 896 | 629 | 1,766 | 2,418 | 39.2% |
| Saudi Arabia | 366 | 395 | 1,166 | 2,056 | 77.8% |
| Turkey | 84.1 | 67.3 | 242 | 1,156 | 139.5% |
| Malaysia | 154 | 116 | 266 | 803 | 73.4% |
| Bahrain | 261 | 79.2 | 198 | 798 | 45.1% |
| Singapore | 281 | 157 | 104 | 776 | 40.3% |
| Kuwait | N/A | 37.6 | 80.1 | 694 | 329.6% |
| Netherlands | 136 | 160 | 471 | 469 | 51.1% |
| China | 69.8 | 37.7 | 63.6 | 369 | 74.2% |
| Belgium | 5.1 | 103 | 158 | 331 | 301.9% |
| Italy | 207 | 92.7 | 482 | 292 | 12.2% |
| Others | 394 | 304 | 721 | 1,305 | 49.1% |
| Total | 4,428 | 3,514 | 8,241 | 18,511 | 61.1% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to South Africa in 2022:
- United Arab Emirates (4.2M tons)
- India (3.4M tons)
- Oman (2.7M tons)
- Saudi Arabia (2.3M tons)
- Turkey (1.3M tons)
- Bahrain (0.9M tons)
- Singapore (0.9M tons)
- Malaysia (0.9M tons)
- Kuwait (0.7M tons)
- Netherlands (0.5M tons)
- Italy (0.4M tons)
- Belgium (0.4M tons)
- China (0.4M tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa
In 2022, approx. 3.1M tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were exported from South Africa; with a decrease of -4.5% on the previous year's figure. Over the period under review, exports faced a abrupt decrease.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $2.6B in 2022. Overall, exports recorded a slight decline.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 686 | 451 | 667 | 995 | 13.2% |
| Lesotho | 170 | 110 | 165 | 228 | 10.3% |
| Swaziland | 105 | 81.7 | 131 | 164 | 16.0% |
| Democratic Republic of the Congo | 85.9 | 49.2 | 55.7 | 87.5 | 0.6% |
| Namibia | 320 | 85.8 | 79.5 | 46.1 | -47.6% |
| Zimbabwe | 226 | 30.1 | 45.9 | 29.5 | -49.3% |
| Liberia | 28.0 | 1.7 | 1.2 | 26.6 | -1.7% |
| Mauritius | 104 | 3.7 | 4.6 | 17.7 | -44.6% |
| Others | 959 | 874 | 527 | 969 | 0.3% |
| Total | 2,682 | 1,687 | 1,677 | 2,562 | -1.5% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from South Africa in 2022:
- Botswana (1116.2K tons)
- Lesotho (260.9K tons)
- Swaziland (192.3K tons)
- Democratic Republic of the Congo (78.8K tons)
- Namibia (33.9K tons)
- Zimbabwe (32.7K tons)
- Liberia (32.6K tons)
- Mauritius (19.2K tons)
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