Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan - 2022

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan (CIF) - 2022
2. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan (FOB) - 2022
3. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan
4. Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan (CIF) - 2022

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $249 per ton, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2016 an increase of 73% against the previous year. Over the period under review, average import prices reached the peak figure at $410 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($250 per ton), while the price for Belarus totaled $225 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.1%).

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan (FOB) - 2022

The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $305 per ton in 2022, surging by 4.8% against the previous year. In general, the export price, however, showed a pronounced contraction. The growth pace was the most rapid in 2020 when the average export price increased by 59% against the previous year. The export price peaked at $381 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($313 per ton), while the average price for exports to Kyrgyzstan stood at $193 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+8.4%), while the prices for the other major destinations experienced a decline.

Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan

In 2022, purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -38.8% to 126K tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. As a result, imports reached the peak of 249K 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 declined notably to $31M in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports attained the peak of $51M, and then reduced dramatically in the following year.

Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Kazakhstan in 2022:

1. Russia (123.0K tons)
2. Belarus (3.0K tons)

Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kazakhstan

In 2022, approx. 18K tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were exported from Kazakhstan; with a decrease of -45.2% against 2021. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 421% against the previous year. As a result, the exports reached the peak of 32K tons, and then contracted markedly in the following year.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses reduced remarkably to $5.4M in 2022. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2021 when exports increased by 519% against the previous year. As a result, the exports attained the peak of $9.4M, and then declined sharply in the following year.

Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Kazakhstan in 2022:

1. Russia (16.5K tons)
2. Kyrgyzstan (1.2K tons)

Source: IndexBox Market Intelligence Platform