Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bahrain - 2022
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bahrain (CIF) - 2022
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bahrain
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bahrain (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $513 per ton, rising by 165% against the previous year. In general, the import price continues to indicate a measured 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 Algeria ($977 per ton), while the price for the United Arab Emirates ($155 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+39.5%), while the prices for the other major suppliers experienced a decline.
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bahrain
For the third year in a row, Bahrain recorded decline in supplies from abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, which decreased by -66.7% to 1K tons in 2022. Over the period under review, imports continue to indicate a dramatic decrease. The smallest decline of -36.1% was in 2020.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses reduced to $519K in 2022. Overall, imports showed a significant curtailment.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 2,101 | N/A | N/A | 416 | -41.7% |
| India | 30.6 | 19.5 | 7.7 | 90.1 | 43.3% |
| United Arab Emirates | 1.4 | 1.7 | 2.4 | 13.5 | 112.8% |
| Kuwait | 109 | 91.0 | 96.2 | N/A | -6.1% |
| China | 21.8 | 22.0 | 31.6 | N/A | 20.4% |
| Oman | 362 | 929 | 431 | N/A | 9.1% |
| Others | 2.6 | 7.8 | 18.4 | N/A | 166.0% |
| Total | 2,628 | 1,071 | 588 | 519 | -41.8% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Bahrain in 2022:
- India (500.0 tons)
- Algeria (425.3 tons)
- United Arab Emirates (87.0 tons)
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