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Ireland - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum Bitumen Price in Ireland - 2023
Contents:
- Petroleum Bitumen Price in Ireland (CIF) - 2023
- Petroleum Bitumen Price in Ireland (FOB) - 2022
- Petroleum Bitumen Imports in Ireland
- Petroleum Bitumen Exports in Ireland
Petroleum Bitumen Price in Ireland (CIF) - 2023
In August 2023, the average petroleum bitumen import price amounted to $600 per ton, dropping by -2.9% against the previous month. In general, import price indicated a modest increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, petroleum bitumen import price decreased by -28.1% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 71% month-to-month. As a result, import price attained the peak level of $835 per ton. From July 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($693 per ton), while the price for the UK ($586 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Bitumen Price in Ireland (FOB) - 2022
The average petroleum bitumen export price stood at $641 per ton in 2022, dropping by -20.1% against the previous year. Overall, export price indicated perceptible growth from 2013 to 2022: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of 45%. Over the period under review, the average export prices reached the peak figure at $802 per ton in 2021, and then dropped rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2013 to 2022, the rate of growth in terms of prices for the UK amounted to +2.2% per year.
Petroleum Bitumen Imports in Ireland
In 2022, the amount of petroleum bitumen imported into Ireland declined significantly to 235K tons, waning by -25.2% against 2021. In general, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 64%. As a result, imports attained the peak of 314K tons, and then shrank dramatically in the following year.
In value terms, petroleum bitumen imports stood at $126M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 131%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Petroleum Bitumen in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 27.4 | 19.0 | 45.2 | 49.8 | 22.0% |
Netherlands | 20.3 | 14.9 | 28.3 | 31.6 | 15.9% |
United Kingdom | 2.5 | 1.9 | 28.8 | 25.4 | 116.6% |
Turkey | N/A | N/A | N/A | 13.8 | 0% |
Italy | 0.1 | N/A | N/A | 5.0 | 268.4% |
Spain | 15.2 | 15.8 | 16.6 | 0.8 | -62.5% |
Belgium | 5.7 | 2.0 | 4.6 | N/A | -10.2% |
Others | N/A | 0.1 | 0.5 | N/A | 400.0% |
Total | 71.2 | 53.6 | 124 | 126 | 21.0% |
Top Suppliers of Petroleum Bitumen to Ireland in 2022:
- France (88.8K tons)
- Netherlands (66.5K tons)
- United Kingdom (44.4K tons)
- Turkey (23.7K tons)
- Italy (9.9K tons)
- Spain (1.9K tons)
Petroleum Bitumen Exports in Ireland
In 2022, after two years of decline, there was significant growth in shipments abroad of petroleum bitumen, when their volume increased by 207% to 17K tons. In general, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, petroleum bitumen exports soared to $11M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Petroleum Bitumen in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 5.1 | 4.9 | 4.4 | 10.9 | 28.8% |
Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
Total | 5.3 | 5.0 | 4.4 | 10.9 | 27.2% |
Top Export Markets for Petroleum Bitumen from Ireland in 2022:
- United Kingdom (16.9K tons)
This report provides an in-depth analysis of the petroleum bitumen market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for petroleum bitumen and their key statistics. Discover the leading countries and their import values, including the United States, China, and India. Get insights from the IndexBox market intelligence platform.