Price for Bituminous or Oil Shale and Tar Sands in Sri Lanka - 2022
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in Sri Lanka (CIF) - 2022
- Price for Bituminous or Oil Shale and Tar Sands in Sri Lanka (FOB) - 2022
- Imports of Bituminous or Oil Shale and Tar Sands in Sri Lanka
- Exports of Bituminous or Oil Shale and Tar Sands in Sri Lanka
Price for Bituminous or Oil Shale and Tar Sands in Sri Lanka (CIF) - 2022
In 2022, the average import price for bituminous or oil shale and tar sandses amounted to $2,638 per ton, growing by 5.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 155%. As a result, import price reached the peak level of $7,647 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($2,628 per ton), while the price for India totaled $1,875 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.3%).
Price for Bituminous or Oil Shale and Tar Sands in Sri Lanka (FOB) - 2022
In 2022, the average export price for bituminous or oil shale and tar sandses amounted to $1,388 per ton, approximately reflecting the previous year. Over the period under review, the export price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2019 when the average export price increased by 100%. The export price peaked at $6,982 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -9.7% per year.
Imports of Bituminous or Oil Shale and Tar Sands in Sri Lanka
After three years of growth, overseas purchases of bituminous or oil shale and tar sandses decreased by -5.1% to 6.5 tons in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 139%.
In value terms, imports of bituminous or oil shale and tar sandses amounted to $17K in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 80%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Bituminous or Oil Shale and Tar Sands in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 6.5 | 11.7 | 16.8 | 16.8 | 37.2% |
| Others | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Total | 6.5 | 11.7 | 16.9 | 17.0 | 37.8% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to Sri Lanka in 2022:
- Singapore (6.4 tons)
Exports of Bituminous or Oil Shale and Tar Sands in Sri Lanka
For the fourth consecutive year, Sri Lanka recorded growth in overseas shipments of bituminous or oil shale and tar sandses, which increased by 0.5% to 1.6 tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.9% 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 +95.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of bituminous or oil shale and tar sandses amounted to $2.3K in 2022. The total export value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Bituminous or Oil Shale and Tar Sands in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 1.4 | 2.0 | 2.3 | 2.3 | 18.0% |
| Others | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Total | 1.8 | 2.0 | 2.3 | 2.3 | 8.5% |
Top Export Markets for Bituminous or Oil Shale and Tar Sands from Sri Lanka in 2022:
- Maldives (1.6 tons)
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