Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium (CIF) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium (FOB) - 2022
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $473 per ton, surging by 3.8% against the previous year. Over the period under review, the import price showed strong growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 213%. The import price peaked at $759 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($1,097 per ton), while the price for the Netherlands ($264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium (FOB) - 2022
The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $206 per ton in 2022, dropping by -4.2% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices reached the maximum at $453 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($227 per ton), while the average price for exports to France stood at $184 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-4.9%).
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium
In 2022, approx. 21K tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were imported into Belgium; increasing by 69% compared with the year before. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 161%. As a result, imports reached the peak of 24K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $10M in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 118% against the previous year. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 6.9 | 4.3 | 8.7 | 12.3% |
| Poland | 0.4 | 0.9 | 1.0 | 0.6 | 14.5% |
| Russia | 4.7 | 1.7 | N/A | N/A | -63.8% |
| Netherlands | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Others | N/A | 1.7 | 0.4 | 0.6 | -40.6% |
| Total | 5.2 | 11.4 | 5.7 | 10.0 | 24.4% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Belgium in 2022:
- France (20.1K tons)
- Poland (0.6K tons)
- Netherlands (0.1K tons)
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium
In 2022, approx. 22K tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were exported from Belgium; rising by 77% against 2021 figures. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $4.5M in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.5 | 2.7 | 1.2 | 2.5 | 18.6% |
| Germany | 0.4 | 0.2 | 1.1 | 1.8 | 65.1% |
| Portugal | N/A | 0.5 | 0.3 | 0.1 | -55.3% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 2.1 | 3.4 | 2.7 | 4.5 | 28.9% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Belgium in 2022:
- France (13.7K tons)
- Germany (7.8K tons)
- Portugal (0.2K tons)
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