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

Contents:

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

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $683 per ton, shrinking by -5.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2015 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $1,901 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 China ($785 per ton), while the price for South Africa ($142 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,448 per ton, increasing by 86% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The export price peaked at $1,913 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($2,443 per ton), while the average price for exports to the Netherlands stood at $666 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-10.0%).

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

After two years of decline, supplies from abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses increased by 92% to 97 tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $66K in 2022. Over the period under review, imports, however, recorded a deep downturn.

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

1. China (80.6 tons)
2. United States (13.7 tons)
3. South Africa (2.7 tons)

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

Exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Argentina soared to 641 kg in 2022, increasing by 73% against the previous year's figure. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $928 in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (359.0 kg)
2. Paraguay (282.0 kg)

Source: IndexBox Market Intelligence Platform