Price for Bituminous or Oil Shale and Tar Sands in Singapore - 2022
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in Singapore (FOB) - 2022
- Price for Bituminous or Oil Shale and Tar Sands in Singapore (CIF) - 2022
- Exports of Bituminous or Oil Shale and Tar Sands in Singapore
- Imports of Bituminous or Oil Shale and Tar Sands in Singapore
Price for Bituminous or Oil Shale and Tar Sands in Singapore (FOB) - 2022
In 2022, the average export price for bituminous or oil shale and tar sandses amounted to $2,058 per ton, falling by -14.1% against the previous year. In general, the export price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 217% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,667 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($3,070 per ton), while the average price for exports to Timor-Leste ($1,239 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+87.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Bituminous or Oil Shale and Tar Sands in Singapore (CIF) - 2022
The average import price for bituminous or oil shale and tar sandses stood at $544 per ton in 2022, jumping by 71% against the previous year. In general, the import price showed a tangible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Malaysia ($1,075 per ton), while the price for China ($132 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+71.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Bituminous or Oil Shale and Tar Sands in Singapore
In 2022, approx. 40 tons of bituminous or oil shale and tar sandses were exported from Singapore; reducing by -16.3% on the previous year. Overall, exports showed a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year.
In value terms, exports of bituminous or oil shale and tar sandses fell sharply to $82K in 2022. In general, exports faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year.
| Export of Bituminous or Oil Shale and Tar Sands in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 53.8 | 46.6 | 54.0 | 26.3 | -21.2% |
| Cambodia | N/A | N/A | 2.4 | 22.5 | 837.5% |
| Timor-Leste | N/A | N/A | N/A | 15.9 | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 11.4 | 0% |
| Indonesia | 10.5 | 5.1 | 33.0 | 5.3 | -20.4% |
| China | 6.7 | N/A | N/A | N/A | 0% |
| Philippines | 37.0 | N/A | N/A | N/A | 0% |
| Maldives | 5.7 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | N/A | 23.9 | N/A | 0% |
| Others | 6.9 | 0.2 | N/A | 0.2 | -69.3% |
| Total | 121 | 52.0 | 113 | 81.5 | -12.3% |
Top Export Markets for Bituminous or Oil Shale and Tar Sands from Singapore in 2022:
- Hong Kong SAR (12.9 tons)
- Timor-Leste (12.8 tons)
- Cambodia (8.2 tons)
- Taiwan (Chinese) (3.9 tons)
- Indonesia (1.7 tons)
Imports of Bituminous or Oil Shale and Tar Sands in Singapore
In 2022, purchases abroad of bituminous or oil shale and tar sandses decreased by -86.9% to 7.9 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 11% against the previous year. As a result, imports reached the peak of 209 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of bituminous or oil shale and tar sandses declined rapidly to $4.3K in 2022. In general, imports showed a sharp descent. The growth pace was the most rapid in 2020 when imports increased by 25%. As a result, imports reached the peak of $55K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Bituminous or Oil Shale and Tar Sands in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 4.0 | 0% |
| Malaysia | 0.7 | N/A | 2.0 | 0.2 | -34.1% |
| China | 11.5 | 22.1 | 0.8 | 0.1 | -79.4% |
| Thailand | 30.0 | 32.4 | 1.5 | N/A | -77.6% |
| Japan | N/A | N/A | 14.9 | N/A | 0% |
| Estonia | 1.6 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.8 | N/A | N/A | 33.3% |
| Total | 44.4 | 55.3 | 19.2 | 4.3 | -54.1% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to Singapore in 2022:
- Canada (6.7 tons)
- China (1.1 tons)
- Malaysia (0.2 tons)
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