Price for Bituminous or Oil Shale and Tar Sands in Malaysia - 2023
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in Malaysia (FOB) - 2022
- Price for Bituminous or Oil Shale and Tar Sands in Malaysia (CIF) - 2022
- Exports of Bituminous or Oil Shale and Tar Sands in Malaysia
- Imports of Bituminous or Oil Shale and Tar Sands in Malaysia
Price for Bituminous or Oil Shale and Tar Sands in Malaysia (FOB) - 2022
The average export price for bituminous or oil shale and tar sandses stood at $606 per ton in 2022, with an increase of 20% against the previous year. Over the period under review, the export price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of 50%. The export price peaked at $828 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +4.6% per year.
Price for Bituminous or Oil Shale and Tar Sands in Malaysia (CIF) - 2022
In 2022, the average import price for bituminous or oil shale and tar sandses amounted to $306 per ton, shrinking by -92.3% against the previous year. Overall, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 920% against the previous year. The import price peaked at $3,961 per ton in 2021, and then shrank significantly in the following year.
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 the UK ($4,210 per ton), while the price for Iran totaled $236 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+60.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Bituminous or Oil Shale and Tar Sands in Malaysia
After three years of growth, overseas shipments of bituminous or oil shale and tar sandses decreased by -64.2% to 1.6K tons in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 2,441% against the previous year.
In value terms, exports of bituminous or oil shale and tar sandses declined dramatically to $994K in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 3,707% against the previous year.
| Export of Bituminous or Oil Shale and Tar Sands in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | 693 | 2,313 | 994 | 19.8% |
| Myanmar | 8.8 | 479 | N/A | N/A | 5343.2% |
| Others | 22.0 | N/A | 1.4 | N/A | -74.8% |
| Total | 30.8 | 1,172 | 2,314 | 994 | 218.4% |
Top Export Markets for Bituminous or Oil Shale and Tar Sands from Malaysia in 2022:
- Thailand (1.6K tons)
Imports of Bituminous or Oil Shale and Tar Sands in Malaysia
In 2022, imports of bituminous or oil shale and tar sandses into Malaysia surged to 507 tons, increasing by 2,104% compared with the year before. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of bituminous or oil shale and tar sandses skyrocketed to $155K in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Bituminous or Oil Shale and Tar Sands in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 16.9 | N/A | N/A | 117 | 90.6% |
| United Kingdom | 43.6 | 51.1 | 91.2 | 37.9 | -4.6% |
| United Arab Emirates | 30.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 90.7 | 51.1 | 91.2 | 155 | 19.6% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to Malaysia in 2022:
- Iran (498.2 tons)
- United Kingdom (9.0 tons)
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