Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany (FOB) - 2023
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany (CIF) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany (FOB) - 2023
In August 2023, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $593 per ton, jumping by 21% against the previous month. In general, the export price showed mild growth. The growth pace was the most rapid in February 2023 an increase of 135% m-o-m. As a result, the export price attained the peak level of $1,162 per ton. From March 2023 to August 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From August 2022 to August 2023, the rate of growth in terms of prices for the Netherlands amounted to +1.3% per month.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $926 per ton, surging by 36% against the previous year. Over the period under review, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($1,279 per ton) and Spain ($1,119 per ton), while the price for Poland ($897 per ton) and the Netherlands ($1,071 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany
In 2022, overseas shipments of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -17.6% to 63K tons, falling for the second year in a row after two years of growth. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 10%. As a result, the exports reached the peak of 104K 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 stood at $34M in 2022. Overall, exports saw a mild contraction.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 34.3 | 25.6 | 29.8 | 34.4 | 0.1% |
| United Kingdom | 1.5 | 1.5 | 0.7 | N/A | -31.7% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 35.8 | 27.1 | 30.6 | 34.4 | -1.3% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Germany in 2022:
- Netherlands (63.5K tons)
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany
In 2022, purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses was finally on the rise to reach 5.3K tons after two years of decline. Overall, imports, however, saw a sharp setback.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $4.9M in 2022. In general, imports, however, showed a abrupt setback.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4,818 | 2,187 | 2,944 | 4,279 | -3.9% |
| Sweden | 114 | 163 | 268 | 292 | 36.8% |
| Spain | N/A | N/A | N/A | 189 | 0% |
| Netherlands | 223 | N/A | N/A | 176 | -7.6% |
| France | 1,530 | N/A | N/A | 2.5 | -88.2% |
| Belgium | 218 | 46.6 | 2.4 | N/A | -89.5% |
| Belarus | 274 | N/A | N/A | N/A | 0% |
| Iceland | 38.6 | 18.2 | N/A | N/A | -52.8% |
| Others | 0.1 | N/A | N/A | 4.3 | 250.3% |
| Total | 7,218 | 2,415 | 3,214 | 4,944 | -11.9% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Germany in 2022:
- Poland (4769.8 tons)
- Sweden (228.3 tons)
- Spain (169.4 tons)
- Netherlands (164.1 tons)
- France (4.0 tons)
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