Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal (FOB) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal (CIF) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal (FOB) - 2022
The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $240 per ton in 2022, surging by 13% against the previous year. In general, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2014 when the average export price increased by 62%. As a result, the export price attained the peak level of $1,285 per ton. From 2015 to 2022, 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 Spain.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +153.5% per year.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal (CIF) - 2022
The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $20 per ton in 2022, with a decrease of -49.4% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 414% against the previous year. Over the period under review, average import prices hit record highs at $88 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($98 per ton), while the price for Panama ($8 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+8,406.5%), 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 Portugal
In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses exported from Portugal skyrocketed to 11K tons, growing by 100% on the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached 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 $2.7M in 2022. Overall, exports recorded a significant increase. As a result, the exports reached 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.9 | 0.7 | 1.2 | 2.7 | 44.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 0.7 | 1.2 | 2.7 | 39.2% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Portugal in 2022:
- Spain (11.4K tons)
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal
Imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Portugal soared to 74K tons in 2022, rising by 55% on the year before. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell sharply to $1.5M in 2022. Overall, imports, however, saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,723 | 734 | 236 | 947 | -18.1% |
| Spain | 1,075 | N/A | 331 | 215 | -41.5% |
| Liberia | 134 | 136 | 166 | 107 | -7.2% |
| Cabo Verde | 346 | 189 | 201 | 85.7 | -37.2% |
| Antigua and Barbuda | 6.2 | 9.0 | 9.6 | 5.9 | -1.6% |
| Others | 1,174 | 132 | 917 | 99.6 | -56.1% |
| Total | 4,458 | 1,201 | 1,861 | 1,460 | -31.1% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Portugal in 2022:
- Netherlands (47.5K tons)
- Liberia (10.4K tons)
- Cabo Verde (4.3K tons)
- Spain (2.2K tons)
- Antigua and Barbuda (0.7K tons)
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