Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria - 2022

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria (FOB) - 2022
2. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria (CIF) - 2022
3. Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria
4. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria (FOB) - 2022

The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $415 per ton in 2022, leveling off at the previous year. Over the period under review, the export price recorded a measured increase. The pace of growth was the most pronounced in 2020 a decrease of 99.9%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($793 per ton), while the average price for exports to Malaysia amounted to $412 per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+30.1%).

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria (CIF) - 2022

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $6,517 per ton, declining by -9.1% against the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 98%. Over the period under review, average import prices attained the maximum at $7,173 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($71,866 per ton), while the price for Spain totaled $4,952 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+25.8%).

Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria

In 2022, after two years of decline, there was decline in shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume decreased by 0% to 12K tons. Overall, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $4.8M in 2022. In general, exports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Algeria in 2022:

1. Malaysia (11.4K tons)
2. Bahrain (0.1K tons)

Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Algeria

In 2022, after two years of decline, there was growth in overseas purchases of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume increased by 0.9% to 136 tons. In general, imports, however, showed a relatively flat trend pattern.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses dropped to $884K in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 20% against the previous year.

Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Algeria in 2022:

1. Spain (132.5 tons)
2. Germany (3.2 tons)

Source: IndexBox Market Intelligence Platform