Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan - 2023

Contents:

1. Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan (CIF) - 2022
2. Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan (FOB) - 2023
3. Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan
4. Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan

Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan (CIF) - 2022

The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $828 per ton in 2022, surging by 29% against the previous year. In general, the import price, however, showed a mild decrease. The growth pace was the most rapid in 2021 an increase of 53% against the previous year. The import price peaked at $977 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($922 per ton) and Singapore ($855 per ton), while the price for the United States ($780 per ton) and India ($796 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.9%), while the prices for the other major suppliers experienced a decline.

Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan (FOB) - 2023

In November 2023, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $815 per ton, with a decrease of -9.4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 66% against the previous month. As a result, the export price reached the peak level of $1,247 per ton. From August 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Australia ($1,717 per ton), while the average price for exports to Singapore ($794 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan

In 2022, overseas purchases of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s decreased by -16.2% to 20M tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 11%.

In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s expanded rapidly to $16.4B in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Japan in 2022:

1. United Arab Emirates (4.6M tons)
2. Qatar (3.1M tons)
3. South Korea (3.0M tons)
4. Kuwait (1.5M tons)
5. Saudi Arabia (1.3M tons)
6. United States (1.0M tons)
7. Peru (0.9M tons)
8. Bahrain (0.8M tons)
9. Algeria (0.6M tons)
10. Singapore (0.5M tons)
11. India (0.5M tons)
12. Spain (0.4M tons)
13. Australia (0.3M tons)

Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Japan

In 2022, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s from Japan surged to 2.8M tons, growing by 16% compared with 2021. Overall, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $2.5B in 2022. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 85%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Japan in 2022:

1. South Korea (1052.9K tons)
2. Malaysia (542.7K tons)
3. Singapore (542.1K tons)
4. United States (224.1K tons)
5. Australia (175.9K tons)
6. Philippines (66.2K tons)
7. Thailand (20.8K tons)
8. Guam (11.0K tons)

Source: IndexBox Market Intelligence Platform